Burford Capital Limited (NYSE:BUR) Shares Purchased by Arrowpoint Investment Partners Singapore Pte. Ltd.

Key Points

• Arrowpoint Investment Partners Singapore increased its holdings in Burford Capital Limited by 158.7% during Q1, bringing its stake to 51,736 shares valued at $683,000.
• Insider selling activity included President Aviva O. Will offloading 17,500 shares for about $255,500, and CIO Jonathan Todd Molot selling 210,000 shares for a total of approximately $3.07 million.
• Analysts have issued mixed ratings for Burford Capital, with Wedbush upgrading the stock to "outperform" and setting a price target of $18, while Wall Street Zen downgraded it from "buy" to "hold."

Arrowpoint Investment Partners Singapore Pte. Ltd. raised its stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 158.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,736 shares of the company's stock after purchasing an additional 31,736 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd.'s holdings in Burford Capital were worth $683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of Burford Capital by 75.1% in the first quarter. HighTower Advisors LLC now owns 565,149 shares of the company's stock worth $7,466,000 after buying an additional 242,304 shares during the period. Invesco Ltd. raised its holdings in shares of Burford Capital by 0.8% in the first quarter. Invesco Ltd. now owns 4,527,180 shares of the company's stock worth $59,804,000 after buying an additional 34,228 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Burford Capital by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 487,333 shares of the company's stock worth $6,438,000 after buying an additional 5,272 shares during the period. DCF Advisers LLC purchased a new stake in shares of Burford Capital in the first quarter worth approximately $277,000. Finally, XTX Topco Ltd purchased a new stake in shares of Burford Capital in the first quarter worth approximately $1,312,000.

Burford Capital Trading Up 1.8%

BUR traded up $0.25 during trading on Wednesday, hitting $14.02. 1,033,063 shares of the stock were exchanged, compared to its average volume of 1,210,123. The firm has a 50 day simple moving average of $13.15 and a 200 day simple moving average of $13.59. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 12.98 and a beta of 0.65. Burford Capital Limited has a 1 year low of $10.70 and a 1 year high of $15.73. The company has a debt-to-equity ratio of 0.55, a quick ratio of 10.09 and a current ratio of 10.09.

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, topping the consensus estimate of $0.33 by $0.06. The company had revenue of $191.29 million for 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%. As a group, equities analysts expect that Burford Capital Limited will post 1.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BUR. Wedbush upgraded Burford Capital to an "outperform" rating and set a $18.00 price target on the stock in a report on Wednesday, June 11th. Wall Street Zen downgraded Burford Capital from a "buy" rating to a "hold" rating in a report on Sunday.

Insider Transactions at Burford Capital

In other Burford Capital 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 transaction of $102,200.00. Following the sale, the insider owned 80,172 shares of the company's stock, valued at approximately $1,170,511.20. This trade represents a 8.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the president directly owned 293,479 shares in the company, valued at $4,284,793.40. This trade represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 444,500 shares of company stock valued at $6,489,700. Company insiders own 8.90% of the company's stock.

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.