Fifth Lane Capital LP Makes New $363,000 Investment in Burford Capital Limited $BUR

Key Points

• Fifth Lane Capital LP has acquired 27,500 shares of Burford Capital Limited (NYSE:BUR), valued at approximately $363,000, making it the firm's 9th largest position.
• Insider trading activity included CEO Christopher P. Bogart selling 210,000 shares and David Perla selling 7,000 shares, resulting in significant decreases in their ownership stakes.
• Burford Capital reported earnings of $0.39 per share for the latest quarter, outperforming analysts' estimates and showing revenue of $191.29 million.

Fifth Lane Capital LP purchased a new stake in Burford Capital Limited (NYSE:BUR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,500 shares of the company's stock, valued at approximately $363,000. Burford Capital comprises 1.6% of Fifth Lane Capital LP's portfolio, making the stock its 9th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd increased its stake in shares of Burford Capital by 149.9% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 112,200 shares of the company's stock valued at $1,431,000 after acquiring an additional 67,300 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Burford Capital in the 4th quarter valued at approximately $273,000. BNP Paribas Financial Markets acquired a new position in shares of Burford Capital in the 4th quarter valued at approximately $335,000. Edgestream Partners L.P. acquired a new position in shares of Burford Capital in the 1st quarter valued at approximately $284,000. Finally, XTX Topco Ltd acquired a new position in shares of Burford Capital in the 1st quarter valued at approximately $1,312,000.

Insider Buying and Selling

In related news, insider David Perla sold 7,000 shares of the stock in a transaction on Wednesday, July 9th. The stock was 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 in the company, valued at approximately $1,170,511.20. This represents a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Aviva O. Will sold 17,500 shares of the stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total value of $255,500.00. Following the completion of the sale, the president owned 293,479 shares in the company, valued at approximately $4,284,793.40. This trade represents a 5.63% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 444,500 shares of company stock worth $6,489,700. 8.90% of the stock is owned by corporate insiders.

Burford Capital Stock Down 1.2%

Shares of NYSE BUR traded down $0.17 during trading hours on Thursday, hitting $13.65. The company had a trading volume of 457,869 shares, compared to its average volume of 1,375,931. The stock has a market capitalization of $2.99 billion, a P/E ratio of 12.63 and a beta of 0.65. The company has a quick ratio of 10.09, a current ratio of 10.09 and a debt-to-equity ratio of 0.55. Burford Capital Limited has a 1-year low of $10.70 and a 1-year high of $15.73. The firm's 50 day moving average is $13.19 and its 200-day moving average is $13.57.

Burford Capital (NYSE:BUR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. The company had revenue of $191.29 million during the quarter, compared to the consensus estimate of $159.02 million. Burford Capital had a return on equity of 7.48% and a net margin of 37.08%. On average, analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BUR shares. Wall Street Zen lowered Burford Capital from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Wedbush reiterated an "outperform" rating and issued a $18.00 price objective on shares of Burford Capital in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $18.00.

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.