Kintayl Capital LP Purchases New Shares in Burford Capital Limited (NYSE:BUR)

Kintayl Capital LP acquired a new stake in Burford Capital Limited (NYSE:BUR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 investment portfolio, making the stock its 17th biggest position. Kintayl Capital LP owned about 0.10% of Burford Capital as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Edgestream Partners L.P. purchased a new position in shares of Burford Capital in the 1st quarter valued at approximately $284,000. Cerity Partners LLC purchased a new position in Burford Capital during the 1st quarter worth approximately $346,000. Mraz Amerine & Associates Inc. raised its position in Burford Capital by 2.4% during the 1st quarter. Mraz Amerine & Associates Inc. now owns 142,909 shares of the company's stock worth $1,925,000 after buying an additional 3,382 shares during the last quarter. Principal Financial Group Inc. raised its position in Burford Capital by 20.0% during the 1st quarter. Principal Financial Group Inc. now owns 13,283 shares of the company's stock worth $175,000 after buying an additional 2,214 shares during the last quarter. Finally, Summit Trail Advisors LLC purchased a new position in Burford Capital during the 1st quarter worth approximately $338,000.

Insider Activity

In other news, CEO Christopher P. Bogart sold 210,000 shares of Burford Capital stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 278,862 shares of the company's stock, valued at $4,071,385.20. The trade was a 42.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Perla sold 7,000 shares of Burford Capital stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total transaction of $102,200.00. Following the transaction, the insider directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,500 shares of company stock valued at $6,489,700 in the last quarter. Company insiders own 8.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wall Street Zen lowered shares of Burford Capital from a "buy" rating to a "hold" rating in a research report on Friday. Wedbush raised shares of Burford Capital to an "outperform" rating and set a $18.00 price target for the company in a research report on Wednesday, June 11th.

Burford Capital Stock Performance

BUR traded down $0.35 during trading on Friday, reaching $14.05. 1,917,311 shares of the company's stock were exchanged, compared to its average volume of 1,055,664. The company has a debt-to-equity ratio of 0.56, a current ratio of 13.27 and a quick ratio of 13.27. The stock has a market capitalization of $3.07 billion, a P/E ratio of 15.09 and a beta of 0.67. The company's fifty day simple moving average is $13.15 and its 200-day simple moving average is $13.57. Burford Capital Limited has a 1 year low of $10.70 and a 1 year high of $15.73.

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

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.