HighTower Advisors LLC Boosts Stock Holdings in Burford Capital Limited $BUR

Key Points

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HighTower Advisors LLC boosted its position in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 75.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 565,149 shares of the company's stock after acquiring an additional 242,304 shares during the quarter. HighTower Advisors LLC owned about 0.26% of Burford Capital worth $7,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in Burford Capital during the 1st quarter worth about $26,000. Sterling Capital Management LLC lifted its holdings in shares of Burford Capital by 820.4% in the 4th quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after buying an additional 5,628 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Burford Capital by 109.3% in the 4th 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 during the period. Quantinno Capital Management LP acquired a new position in shares of Burford Capital in the 4th quarter valued at about $132,000. Finally, Mariner LLC acquired a new position in shares of Burford Capital in the 4th quarter valued at about $142,000.

Insiders Place Their Bets

In related news, insider David Perla sold 7,000 shares of the company's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $14.60, for a total value of $102,200.00. Following the completion of the transaction, the insider 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CIO Jonathan Todd Molot sold 210,000 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 value of $3,066,000.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 444,500 shares of company stock worth $6,489,700. 8.90% of the stock is owned by company insiders.

Burford Capital Price Performance

NYSE BUR traded up $0.3750 during trading hours on Friday, reaching $13.9750. The company's stock had a trading volume of 1,819,732 shares, compared to its average volume of 1,409,662. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 12.94 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 current ratio of 10.09 and a quick ratio of 10.09. The company's 50-day moving average is $13.23 and its two-hundred day moving average is $13.55.

Burford Capital (NYSE:BUR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. The company had revenue of $191.29 million during the quarter, compared to analysts' expectations 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 predict that Burford Capital Limited will post 1.28 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wedbush reissued an "outperform" rating and issued a $18.00 price objective on shares of Burford Capital in a report on Thursday, August 14th. Wall Street Zen cut Burford Capital from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Burford Capital currently has an average rating of "Buy" and a consensus price target 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.