Squarepoint Ops LLC Takes $500,000 Position in Burford Capital Limited (NYSE:BUR)

Squarepoint Ops LLC purchased a new stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,188 shares of the company's stock, valued at approximately $500,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sycale Advisors NY LLC raised its stake in Burford Capital by 5.3% during the 4th quarter. Sycale Advisors NY LLC now owns 2,157,950 shares of the company's stock valued at $27,514,000 after purchasing an additional 107,983 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Burford Capital by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 56,432 shares of the company's stock worth $720,000 after purchasing an additional 18,567 shares during the period. Quantinno Capital Management LP acquired a new position in shares of Burford Capital during the fourth quarter valued at about $132,000. Occudo Quantitative Strategies LP lifted its stake in shares of Burford Capital by 29.0% in the fourth quarter. Occudo Quantitative Strategies LP now owns 22,302 shares of the company's stock valued at $284,000 after buying an additional 5,016 shares during the period. Finally, Old Well Partners LLC lifted its stake in shares of Burford Capital by 24.2% in the fourth quarter. Old Well Partners LLC now owns 252,858 shares of the company's stock valued at $3,224,000 after buying an additional 49,200 shares during the period.

Burford Capital Stock Performance

BUR traded up $0.18 on Friday, hitting $13.33. 1,064,667 shares of the stock traded hands, compared to its average volume of 996,167. The business has a fifty day moving average price of $13.33 and a two-hundred day moving average price of $13.62. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $2.91 billion, a PE ratio of 11.49 and a beta of 0.59. Burford Capital Limited has a 52 week low of $11.17 and a 52 week high of $15.73.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $157.00 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. On average, research analysts predict that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

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.