27,500 Shares in Burford Capital Limited (NYSE:BUR) Bought by Fifth Lane Capital LP

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 acquired a new position in shares of Burford Capital Limited (NYSE:BUR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 27,500 shares of the company's stock, valued at approximately $363,000. Burford Capital comprises about 1.6% of Fifth Lane Capital LP's investment portfolio, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of Burford Capital by 0.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 91,025 shares of the company's stock valued at $1,166,000 after purchasing an additional 676 shares during the period. Russell Investments Group Ltd. grew its position in shares of Burford Capital by 3.7% in the fourth quarter. Russell Investments Group Ltd. now owns 24,888 shares of the company's stock valued at $317,000 after purchasing an additional 888 shares during the period. Summit Investment Advisors Inc. grew its position in shares of Burford Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 20,962 shares of the company's stock valued at $267,000 after purchasing an additional 1,331 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of Burford Capital in the first quarter valued at $26,000. Finally, Principal Financial Group Inc. grew its position in shares of Burford Capital by 20.0% in the first quarter. Principal Financial Group Inc. now owns 13,283 shares of the company's stock valued at $175,000 after purchasing an additional 2,214 shares during the period.

Insider Buying and Selling

In other Burford Capital news, insider David Perla sold 7,000 shares of the business's stock in a transaction 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 sale, the insider directly owned 80,172 shares of the company's stock, valued at $1,170,511.20. The trade was a 8.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher P. Bogart sold 210,000 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 278,862 shares in the company, valued at approximately $4,071,385.20. This trade represents a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 444,500 shares of company stock worth $6,489,700 over the last quarter. 8.90% of the stock is currently owned by insiders.

Burford Capital Stock Performance

Shares of BUR stock opened at $13.39 on Friday. Burford Capital Limited has a 12-month low of $10.70 and a 12-month high of $15.73. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 12.40 and a beta of 0.65. The business has a 50 day simple moving average of $13.16 and a 200 day simple moving average of $13.58. The company has a debt-to-equity ratio of 0.55, a current ratio of 10.09 and a quick ratio of 10.09.

Burford Capital (NYSE:BUR - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. The firm 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, equities research analysts anticipate that Burford Capital Limited will post 1.28 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on BUR. Wedbush reiterated an "outperform" rating and issued a $18.00 target price on shares of Burford Capital in a report on Thursday. Wall Street Zen cut Burford Capital from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th.

Burford Capital 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.

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