Capricorn Fund Managers Ltd Invests $264,000 in Burford Capital Limited (NYSE:BUR)

Key Points

• Capricorn Fund Managers Ltd purchased 20,000 shares of Burford Capital Limited, valued at approximately $264,000, during the first quarter of the fiscal year.
• Burford Capital reported earnings of $0.14 per share, missing analysts' expectations, with revenues of $118.86 million compared to the anticipated $157 million.
• Insider trading activity included CEO Christopher P. Bogart selling 210,000 shares for $3.07 million, resulting in a significant decrease in his ownership percentage.

Capricorn Fund Managers Ltd purchased a new position in shares of Burford Capital Limited (NYSE:BUR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the company's stock, valued at approximately $264,000.

Other large investors have also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in Burford Capital by 18.9% in the fourth quarter. Sei Investments Co. now owns 44,938 shares of the company's stock valued at $573,000 after acquiring an additional 7,158 shares in the last quarter. LPL Financial LLC boosted its holdings in Burford Capital by 3.1% in the fourth quarter. LPL Financial LLC now owns 76,358 shares of the company's stock valued at $974,000 after acquiring an additional 2,307 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Burford Capital by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 1,429,089 shares of the company's stock valued at $18,243,000 after acquiring an additional 63,346 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Burford Capital by 96.6% in the fourth quarter. JPMorgan Chase & Co. now owns 549,355 shares of the company's stock valued at $7,004,000 after acquiring an additional 269,928 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in Burford Capital by 19.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 116,362 shares of the company's stock valued at $1,508,000 after acquiring an additional 19,320 shares in the last quarter.

Burford Capital Stock Down 1.4%

Shares of BUR stock traded down $0.18 during mid-day trading on Wednesday, reaching $12.92. 1,182,831 shares of the company's stock traded hands, compared to its average volume of 1,641,807. Burford Capital Limited has a 12 month low of $10.70 and a 12 month high of $15.73. The company has a market cap of $2.83 billion, a P/E ratio of 13.89 and a beta of 0.67. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 0.56. The company's 50-day moving average price is $13.12 and its 200-day moving average price is $13.61.

Burford Capital (NYSE:BUR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.16). The business had revenue of $118.86 million for the quarter, compared to the consensus estimate of $157.00 million. Burford Capital had a net margin of 33.41% and a return on equity of 6.41%. On average, equities analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BUR has been the topic of several recent analyst reports. Wall Street Zen cut shares of Burford Capital from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Wedbush upgraded shares of Burford Capital to an "outperform" rating and set a $18.00 price target on the stock in a report on Wednesday, June 11th.

Insider Activity at Burford Capital

In other news, CEO Christopher P. Bogart sold 210,000 shares of the stock in a transaction that occurred 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. This represents a 42.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Perla sold 7,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 80,172 shares in the company, valued at $1,170,511.20. This trade represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,500 shares of company stock worth $6,489,700 over the last quarter. 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.