Burford Capital Limited $BUR Stock Holdings Lifted by Breach Inlet Capital Management LLC

Key Points

• Breach Inlet Capital Management LLC increased its stake in Burford Capital Limited by 43.1%, acquiring an additional 410,895 shares, bringing its total holdings to 1,363,600 shares, which is 10.3% of the firm's investment portfolio.
• Burford Capital reported earnings of $0.39 per share for the quarter, exceeding analysts' expectations of $0.33, and generated revenue of $191.29 million, higher than projected estimates.
• Despite these positive earnings, Burford Capital's stock has declined by 1.3% recently, with shares trading at $13.82, below its one-year high of $15.73.

Breach Inlet Capital Management LLC grew its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 43.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,363,600 shares of the company's stock after purchasing an additional 410,895 shares during the period. Burford Capital makes up about 10.3% of Breach Inlet Capital Management LLC's portfolio, making the stock its 7th biggest position. Breach Inlet Capital Management LLC owned about 0.62% of Burford Capital worth $18,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BUR. Mariner LLC bought a new stake in shares of Burford Capital in the 4th quarter valued at approximately $142,000. Price T Rowe Associates Inc. MD lifted its stake 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 valued at $1,014,000 after purchasing an additional 14,107 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Burford Capital in the 4th quarter valued at approximately $1,398,000. The Manufacturers Life Insurance Company lifted its stake in shares of Burford Capital by 0.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 91,025 shares of the company's stock valued at $1,166,000 after purchasing an additional 676 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Burford Capital by 5.7% in the 4th quarter. Northern Trust Corp now owns 1,256,636 shares of the company's stock valued at $16,022,000 after purchasing an additional 67,929 shares during the last quarter.

Insider Transactions at Burford Capital

In other Burford Capital news, insider David Perla sold 7,000 shares of the firm's 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 transaction, the insider directly owned 80,172 shares in the company, valued at $1,170,511.20. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 Trading Down 0.1%

BUR traded down $0.01 during trading on Friday, hitting $13.30. 898,984 shares of the stock were exchanged, compared to its average volume of 1,424,897. The firm has a 50 day simple moving average of $13.70 and a 200 day simple moving average of $13.48. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 12.31 and a beta of 0.66. 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.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BUR. Wedbush reaffirmed an "outperform" rating and issued a $18.00 price objective on shares of Burford Capital in a research note on Thursday, August 14th. Wall Street Zen cut Burford Capital from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Burford Capital has an average rating of "Buy" and an average target price of $18.00.

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.