Burford Capital Limited $BUR Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC reduced its Burford Capital stake by 91.6% in the second quarter, selling 517,456 shares and retaining 47,415 shares valued at approximately $194,000.
• Burford Capital shares opened at $3.62, near their 52-week low of $3.57 and well below the 52-week high of $12.35. The company’s latest quarterly EPS of $0.01 missed analyst expectations of $0.08.
• Analyst sentiment is mixed but leans cautious: the stock has a consensus “Hold” rating, a $9.33 average price target, and recent downgrades from several research firms, including a “strong sell” rating from Zacks Research.

Squarepoint Ops LLC cut its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 91.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,415 shares of the company's stock after selling 517,456 shares during the period. Squarepoint Ops LLC's holdings in Burford Capital were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. ProShare Advisors LLC boosted its position in shares of Burford Capital by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 36,783 shares of the company's stock valued at $328,000 after purchasing an additional 2,371 shares in the last quarter. London Co. of Virginia lifted its stake in Burford Capital by 2.7% in the first quarter. London Co. of Virginia now owns 108,582 shares of the company's stock valued at $491,000 after buying an additional 2,874 shares during the period. HighTower Advisors LLC lifted its stake in Burford Capital by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 622,686 shares of the company's stock valued at $5,554,000 after buying an additional 3,515 shares during the period. Mandatum Life Insurance Co Ltd boosted its holdings in shares of Burford Capital by 16.2% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 43,000 shares of the company's stock worth $386,000 after buying an additional 6,000 shares in the last quarter. Finally, XP Advisory US Inc. bought a new position in shares of Burford Capital during the 2nd quarter worth approximately $31,000.

Burford Capital Stock Down 4.9%

BUR stock opened at $3.62 on Friday. The stock's 50 day simple moving average is $4.22 and its 200 day simple moving average is $4.74. Burford Capital Limited has a fifty-two week low of $3.57 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 1.64, a quick ratio of 9.56 and a current ratio of 9.56. The company has a market cap of $795.98 million, a P/E ratio of -0.47, a price-to-earnings-growth ratio of 0.07 and a beta of 1.25.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.07). Burford Capital had a net margin of 15.14% and a return on equity of 10.24%. During the same period last year, the firm posted $0.39 earnings per share. On average, research analysts expect that Burford Capital Limited will post 1.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BUR shares. Wall Street Zen upgraded shares of Burford Capital from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Zacks Research lowered shares of Burford Capital from a "hold" rating to a "strong sell" rating in a research note on Monday, August 10th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Burford Capital in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $9.33.

Burford Capital Company Profile

Burford Capital Limited NYSE: BUR is a global finance and asset management firm focused on the legal sector. The company provides capital to corporations, law firms and other organizations involved in commercial litigation, arbitration and other legal claims, allowing clients to fund legal expenses or monetize the potential value of legal assets without relying solely on their own balance sheets.

Burford's services include financing individual legal matters, portfolios of claims and law firm receivables, as well as providing capital for post-settlement recoveries, insolvency proceedings and complex legal-risk transactions.

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