Aperture Investors LLC Has $6.53 Million Stock Holdings in Burford Capital Limited $BUR

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 decreased its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 494,174 shares of the company's stock after selling 131,396 shares during the period. Aperture Investors LLC owned 0.23% of Burford Capital worth $6,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BUR. Ridgewood Investments LLC acquired a new position in Burford Capital during the 1st quarter valued at approximately $26,000. Sunbelt Securities Inc. boosted its position in Burford Capital by 109.3% during the 4th quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company's stock valued at $114,000 after purchasing an additional 4,700 shares during the period. Quantinno Capital Management LP acquired a new position in Burford Capital during the 4th quarter valued at approximately $132,000. Ieq Capital LLC acquired a new position in Burford Capital during the 1st quarter valued at approximately $132,000. Finally, American Century Companies Inc. acquired a new position in Burford Capital during the 1st quarter valued at approximately $134,000.

Analyst Ratings Changes

A number of research firms recently issued reports on BUR. 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 set a $18.00 price target on shares of Burford Capital in a research report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Burford Capital has a consensus rating of "Buy" and a consensus price target of $18.00.

Burford Capital Price Performance

Shares of Burford Capital stock traded down $0.52 during trading on Wednesday, hitting $13.30. The stock had a trading volume of 1,726,175 shares, compared to its average volume of 1,378,792. The company has a debt-to-equity ratio of 0.55, a current ratio of 10.09 and a quick ratio of 10.09. The firm has a market cap of $2.91 billion, a P/E ratio of 12.32 and a beta of 0.66. The business has a fifty day moving average of $13.60 and a two-hundred day moving average of $13.51. 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 announced its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. The business 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, sell-side analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Insider Transactions at Burford Capital

In other news, President Aviva O. Will sold 17,500 shares of the company's stock in a transaction on Wednesday, July 9th. The stock was 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 $4,284,793.40. This represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CIO Jonathan Todd Molot sold 210,000 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total value of $3,066,000.00. Following the completion of the sale, the executive owned 3,406,625 shares of the company's stock, valued at approximately $49,736,725. This trade represents a 5.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 444,500 shares of company stock worth $6,489,700. Corporate insiders own 8.90% of the company's stock.

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.