Burford Capital Limited (NYSE:BUR) Stock Holdings Lowered by Cushing Capital Partners LLC

Cushing Capital Partners LLC cut its holdings in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 81.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,372 shares of the company's stock after selling 48,338 shares during the period. Cushing Capital Partners LLC's holdings in Burford Capital were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BUR. Sterling Capital Management LLC boosted its holdings in Burford Capital by 820.4% in the 4th quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after purchasing an additional 5,628 shares during the last quarter. Sunbelt Securities Inc. grew 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 valued at $114,000 after buying an additional 4,700 shares during the last quarter. HM Payson & Co. purchased a new position in Burford Capital during the 4th quarter worth $119,000. Quantinno Capital Management LP purchased a new position in Burford Capital during the 4th quarter worth $132,000. Finally, Mariner LLC purchased a new position in Burford Capital during the 4th quarter worth $142,000.

Wall Street Analyst Weigh In

Separately, Wedbush upgraded shares of Burford Capital to an "outperform" rating and set a $18.00 target price for the company in a research note on Wednesday, June 11th.

Burford Capital Trading Down 0.1%

Shares of NYSE BUR traded down $0.01 during midday trading on Friday, reaching $11.03. 2,437,728 shares of the stock were exchanged, compared to its average volume of 1,032,690. The company has a market capitalization of $2.41 billion, a P/E ratio of 11.86 and a beta of 0.59. Burford Capital Limited has a 52-week low of $10.70 and a 52-week high of $15.73. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average price of $13.28 and a 200-day moving average price of $13.53.

Burford Capital (NYSE:BUR - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.16). The company had revenue of $118.86 million during the quarter, compared to analysts' expectations of $157.00 million. Burford Capital had a net margin of 33.41% and a return on equity of 6.41%. Equities research analysts expect 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.