Burford Capital Limited (NYSE:BUR) Insider David Perla Sells 7,000 Shares

Burford Capital Limited (NYSE:BUR - Get Free Report) insider David Perla sold 7,000 shares of Burford Capital stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total value of $102,200.00. Following the sale, the insider owned 80,172 shares of the company's stock, valued at approximately $1,170,511.20. This trade represents a 8.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Burford Capital Price Performance

Shares of BUR traded down $0.42 during trading hours on Friday, reaching $14.17. 1,191,103 shares of the company's stock traded hands, compared to its average volume of 1,041,857. The stock has a market cap of $3.10 billion, a PE ratio of 15.24 and a beta of 0.67. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 0.56. The firm's 50 day simple moving average is $13.13 and its 200-day simple moving average is $13.52. Burford Capital Limited has a 12 month low of $10.70 and a 12 month high of $15.73.

Burford Capital (NYSE:BUR - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.16). The firm had revenue of $118.86 million during the quarter, compared to the consensus estimate of $157.00 million. Burford Capital had a return on equity of 6.41% and a net margin of 33.41%. Equities analysts expect that Burford Capital Limited will post 1.28 EPS for the current year.

Analysts Set New Price Targets

Separately, Wedbush upgraded Burford Capital to an "outperform" rating and set a $18.00 price target for the company in a research report on Wednesday, June 11th.

Institutional Trading of Burford Capital

A number of hedge funds have recently bought and sold shares of BUR. Farther Finance Advisors LLC increased its stake in Burford Capital by 59.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 23,316 shares of the company's stock worth $332,000 after purchasing an additional 8,723 shares during the period. Militia Capital Partners LP purchased a new position in Burford Capital in the 1st quarter worth approximately $793,000. Strs Ohio purchased a new position in Burford Capital in the 1st quarter worth approximately $55,000. Intech Investment Management LLC increased its stake in Burford Capital by 56.4% in the 1st quarter. Intech Investment Management LLC now owns 114,080 shares of the company's stock worth $1,507,000 after purchasing an additional 41,145 shares during the period. Finally, Jane Street Group LLC increased its stake in Burford Capital by 369.9% in the 1st quarter. Jane Street Group LLC now owns 201,950 shares of the company's stock worth $2,667,000 after purchasing an additional 158,973 shares during the period.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.