Claar Advisors LLC Has $8.35 Million Stock Position in Burford Capital Limited $BUR

Key Points

• Claar Advisors LLC increased its holdings in Burford Capital by 6.2% in Q1, acquiring a total of 632,358 shares, representing about 2.8% of their portfolio.
• Burford Capital reported $0.39 earnings per share for the last quarter, beating expectations of $0.33, with revenue reaching $191.29 million compared to estimates of $159.02 million.
• Recent analyst reports show varied ratings with Wedbush maintaining an "outperform" rating and a price target of $18.00, while Wall Street Zen downgraded their rating to "hold."

Claar Advisors LLC grew its stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 6.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 632,358 shares of the company's stock after buying an additional 36,912 shares during the quarter. Burford Capital makes up 2.8% of Claar Advisors LLC's holdings, making the stock its 14th biggest holding. Claar Advisors LLC owned approximately 0.29% of Burford Capital worth $8,353,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ridgewood Investments LLC bought a new stake in shares of Burford Capital during the first quarter worth $26,000. Sunbelt Securities Inc. grew its stake in shares of Burford Capital by 109.3% during the fourth quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company's stock worth $114,000 after buying an additional 4,700 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Burford Capital during the fourth quarter worth $132,000. Ieq Capital LLC bought a new stake in shares of Burford Capital during the first quarter worth $132,000. Finally, American Century Companies Inc. bought a new stake in shares of Burford Capital during the first quarter worth $134,000.

Insider Activity

In related news, CEO Christopher P. Bogart sold 210,000 shares of the business'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 transaction, the chief executive officer owned 278,862 shares in the company, valued at $4,071,385.20. The trade was a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Jonathan Todd Molot sold 210,000 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total transaction of $3,066,000.00. Following the completion of the transaction, the executive owned 3,406,625 shares in the company, valued at approximately $49,736,725. The trade was a 5.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,500 shares of company stock worth $6,489,700 in the last three months. Corporate insiders own 8.90% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wedbush reissued 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 shares of Burford Capital from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $18.00.

Burford Capital Trading Down 4.5%

BUR stock traded down $0.60 during midday trading on Monday, hitting $12.73. The stock had a trading volume of 2,503,268 shares, compared to its average volume of 1,385,076. The firm has a market cap of $2.79 billion, a P/E ratio of 11.79 and a beta of 0.66. The company has a current ratio of 10.09, a quick ratio of 10.09 and a debt-to-equity ratio of 0.55. Burford Capital Limited has a 1-year low of $10.70 and a 1-year high of $15.73. The business has a fifty day moving average price of $13.70 and a two-hundred day moving average price of $13.45.

Burford Capital (NYSE:BUR - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. The business had revenue of $191.29 million for the quarter, compared to analyst estimates of $159.02 million. Burford Capital had a net margin of 37.08% and a return on equity of 7.48%. On average, sell-side analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

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.