Cooke & Bieler LP Makes New $24.76 Million Investment in Burford Capital Limited (NYSE:BUR)

Cooke & Bieler LP acquired a new position in shares of Burford Capital Limited (NYSE:BUR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,874,424 shares of the company's stock, valued at approximately $24,761,000. Cooke & Bieler LP owned 0.85% of Burford Capital as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its position 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 worth $81,000 after purchasing an additional 5,628 shares in the last quarter. Sunbelt Securities Inc. boosted its position 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 worth $114,000 after purchasing an additional 4,700 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Burford Capital in the 4th quarter worth $132,000. Mariner LLC acquired a new stake in shares of Burford Capital in the 4th quarter worth $142,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Burford Capital in the 4th quarter worth $167,000.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen cut Burford Capital from a "buy" rating to a "hold" rating in a research report on Friday. Wedbush raised Burford Capital to an "outperform" rating and set a $18.00 price objective for the company in a report on Wednesday, June 11th.

Insider Buying and Selling

In other news, President Aviva O. Will sold 17,500 shares of the company'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 $255,500.00. Following the completion of the sale, the president directly owned 293,479 shares in the company, valued at $4,284,793.40. This represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CIO Jonathan Todd Molot sold 210,000 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 value of $3,066,000.00. Following the completion of the transaction, the executive owned 3,406,625 shares of the company's stock, valued at $49,736,725. The trade was a 5.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 444,500 shares of company stock valued at $6,489,700 over the last ninety days. 8.90% of the stock is currently owned by company insiders.

Burford Capital Price Performance

NYSE BUR traded down $0.35 during trading hours on Friday, reaching $14.05. The company's stock had a trading volume of 1,917,311 shares, compared to its average volume of 1,055,664. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 15.11 and a beta of 0.67. 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 0.56, a current ratio of 13.27 and a quick ratio of 13.27. The company's 50-day moving average is $13.15 and its two-hundred day moving average is $13.58.

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). Burford Capital had a net margin of 33.41% and a return on equity of 6.41%. The firm had revenue of $118.86 million for the quarter, compared to analyst estimates of $157.00 million. On average, equities analysts predict that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Company 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.