Kintayl Capital LP Invests $3.01 Million in Burford Capital Limited (NYSE:BUR)

Kintayl Capital LP acquired a new stake in Burford Capital Limited (NYSE:BUR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 227,618 shares of the company's stock, valued at approximately $3,007,000. Burford Capital comprises about 2.2% of Kintayl Capital LP's portfolio, making the stock its 17th largest position. Kintayl Capital LP owned about 0.10% of Burford Capital at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Burford Capital by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 482,061 shares of the company's stock worth $6,146,000 after purchasing an additional 1,746 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Burford Capital by 9.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,455 shares of the company's stock worth $887,000 after acquiring an additional 5,764 shares during the period. HighTower Advisors LLC grew its holdings in Burford Capital by 2.8% during the fourth quarter. HighTower Advisors LLC now owns 322,845 shares of the company's stock worth $4,116,000 after acquiring an additional 8,808 shares during the period. Swiss National Bank raised its position in Burford Capital by 0.5% during the fourth quarter. Swiss National Bank now owns 387,690 shares of the company's stock valued at $5,028,000 after acquiring an additional 2,093 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in Burford Capital in the fourth quarter valued at approximately $239,000.

Burford Capital Price Performance

Shares of NYSE:BUR traded up $0.28 during trading on Thursday, reaching $14.43. 795,587 shares of the company's stock traded hands, compared to its average volume of 1,049,571. The firm has a market cap of $3.16 billion, a PE ratio of 15.51 and a beta of 0.67. Burford Capital Limited has a fifty-two week low of $10.70 and a fifty-two week high of $15.73. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 0.56. The company has a 50-day simple moving average of $13.14 and a 200-day simple moving average of $13.54.

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

Insider Activity at Burford Capital

In other news, CEO Christopher P. Bogart sold 210,000 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total transaction of $3,066,000.00. Following the completion of the sale, the chief executive officer owned 278,862 shares of the company's stock, valued at $4,071,385.20. The trade was a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CIO Jonathan Todd Molot sold 210,000 shares of Burford Capital stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $14.60, for a total value of $3,066,000.00. Following the completion of the sale, the executive owned 3,406,625 shares in the company, valued at approximately $49,736,725. The trade was a 5.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 444,500 shares of company stock valued at $6,489,700. 8.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.