Burford Capital Limited $BUR Shares Sold by Aperture Investors LLC

Key Points

• Aperture Investors LLC reduced its holdings in Burford Capital by 21.0%, selling 131,396 shares during the first quarter, leaving them with 494,174 shares valued at approximately $6.5 million.
• Several hedge funds adjusted their positions in Burford Capital, with Mariner LLC acquiring a new stake worth about $142,000 and MetLife increasing its holdings by 5.8%.
• Burford Capital recently reported earnings of $0.39 EPS, exceeding analysts' estimates, and had revenues of $191.29 million for the quarter.

Aperture Investors LLC trimmed its position in Burford Capital Limited (NYSE:BUR - Free Report) by 21.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 494,174 shares of the company's stock after selling 131,396 shares during the quarter. Aperture Investors LLC owned 0.23% of Burford Capital worth $6,528,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BUR. Mariner LLC purchased a new position in shares of Burford Capital in the 4th quarter worth about $142,000. MetLife Investment Management LLC raised its holdings in shares of Burford Capital by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 122,794 shares of the company's stock worth $1,566,000 after purchasing an additional 6,728 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Burford Capital by 11.5% in the 4th quarter. Hsbc Holdings PLC now owns 115,309 shares of the company's stock worth $1,493,000 after purchasing an additional 11,910 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Burford Capital by 21.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 79,499 shares of the company's stock worth $1,014,000 after purchasing an additional 14,107 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Burford Capital in the 4th quarter worth about $1,398,000.

Insider Transactions at Burford Capital

In related news, President Aviva O. Will sold 17,500 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $14.60, for a total transaction of $255,500.00. Following the completion of the transaction, the president owned 293,479 shares in the company, valued at $4,284,793.40. The trade was a 5.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Perla sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total value of $102,200.00. Following the transaction, the insider owned 80,172 shares of the company's stock, valued at $1,170,511.20. This represents a 8.03% decrease in their position. 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 in the last quarter. Insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BUR. Wall Street Zen downgraded Burford Capital from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Wedbush reiterated an "outperform" rating and set a $18.00 target price on shares of Burford Capital in a report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Burford Capital has an average rating of "Buy" and a consensus target price of $18.00.

Burford Capital Stock Performance

Shares of BUR traded down $0.18 during mid-day trading on Tuesday, hitting $13.82. The stock had a trading volume of 1,638,071 shares, compared to its average volume of 1,376,090. The company has a market cap of $3.02 billion, a PE ratio of 12.80 and a beta of 0.66. The company's fifty day simple moving average is $13.55 and its two-hundred day simple moving average is $13.51. 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 fifty-two week low of $10.70 and a fifty-two week high of $15.73.

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

About Burford Capital

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.