Burford Capital Limited (NYSE:BUR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 36.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 530,031 shares of the company's stock after selling 300,548 shares during the period. Bank of New York Mellon Corp owned about 0.24% of Burford Capital worth $7,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BUR. Sterling Capital Management LLC lifted its position in Burford Capital by 820.4% during the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after purchasing an additional 5,628 shares during the period. Sunbelt Securities Inc. increased its holdings in Burford Capital by 109.3% in the fourth quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company's stock valued at $114,000 after buying an additional 4,700 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Burford Capital in the fourth quarter valued at $132,000. Mariner LLC purchased a new position in Burford Capital in the fourth quarter valued at $142,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Burford Capital in the fourth quarter valued at $167,000.

Burford Capital Price Performance

Shares of BUR stock traded down $0.11 on Friday, reaching $13.79. 725,085 shares of the company were exchanged, compared to its average volume of 2,829,750. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 14.82 and a beta of 0.67. The business has a 50-day moving average price of $13.13 and a 200 day moving average price of $13.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 13.27 and a current ratio of 13.27. Burford Capital Limited has a 1 year low of $10.70 and a 1 year 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 (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.16). Burford Capital had a net margin of 33.41% and a return on equity of 6.41%. The business had revenue of $118.86 million for the quarter, compared to analysts' expectations of $157.00 million. Equities research analysts forecast that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BUR has been the subject of a number of recent analyst reports. Wedbush raised shares of Burford Capital to an "outperform" rating and set a $18.00 price objective for the company in a report on Wednesday, June 11th. Wall Street Zen cut shares of Burford Capital from a "buy" rating to a "hold" rating in a research note on Friday, July 18th.

Insider Buying and Selling at Burford Capital

In related news, President Aviva O. Will sold 17,500 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total transaction of $255,500.00. Following the completion of the sale, the president owned 293,479 shares of the company's stock, valued at approximately $4,284,793.40. This represents a 5.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Perla sold 7,000 shares of the company's stock in a transaction dated 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 approximately $1,170,511.20. This represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 444,500 shares of company stock worth $6,489,700 in the last 90 days. 8.90% of the stock is currently owned by insiders.

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.