Cerity Partners LLC purchased a new stake in Burford Capital Limited (NYSE:BUR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,223 shares of the company's stock, valued at approximately $346,000.
A number of other large investors have also added to or reduced their stakes in the stock. Xponance Inc. increased its stake in Burford Capital by 9.7% in the fourth quarter. Xponance Inc. now owns 14,381 shares of the company's stock valued at $183,000 after acquiring an additional 1,272 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Burford Capital by 18.9% in the 4th quarter. Sei Investments Co. now owns 44,938 shares of the company's stock valued at $573,000 after purchasing an additional 7,158 shares in the last quarter. LPL Financial LLC increased its stake in shares of Burford Capital by 3.1% in the 4th quarter. LPL Financial LLC now owns 76,358 shares of the company's stock valued at $974,000 after purchasing an additional 2,307 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Burford Capital by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 1,429,089 shares of the company's stock worth $18,243,000 after buying an additional 63,346 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Burford Capital by 96.6% during the 4th quarter. JPMorgan Chase & Co. now owns 549,355 shares of the company's stock worth $7,004,000 after buying an additional 269,928 shares in the last quarter.
Burford Capital Stock Performance
Shares of Burford Capital stock opened at $13.79 on Friday. The company's 50 day moving average price is $13.13 and its two-hundred day moving average price is $13.60. The firm has a market capitalization of $3.01 billion, a P/E ratio of 14.82 and a beta of 0.67. Burford Capital Limited has a fifty-two week low of $10.70 and a fifty-two week high of $15.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 13.27 and a quick ratio of 13.27.
Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly 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 firm had revenue of $118.86 million during 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 forecast that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.
Insider Transactions at Burford Capital
In related news, CIO Jonathan Todd Molot sold 210,000 shares of the firm's 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 completion of the transaction, the executive owned 3,406,625 shares in the company, valued at $49,736,725. This trade represents a 5.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher P. Bogart sold 210,000 shares of Burford Capital 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 $3,066,000.00. Following the sale, the chief executive officer owned 278,862 shares in the company, valued at approximately $4,071,385.20. This represents a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 444,500 shares of company stock valued at $6,489,700 over the last three months. Company insiders own 8.90% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on BUR. Wedbush raised Burford Capital to an "outperform" rating and set a $18.00 price objective on the stock in a research note on Wednesday, June 11th. Wall Street Zen cut shares of Burford Capital from a "buy" rating to a "hold" rating in a report on Friday, July 18th.
Read Our Latest Stock Analysis on Burford Capital
Burford Capital Profile
(
Free Report)
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.
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