Cushing Capital Partners LLC Sells 48,338 Shares of Burford Capital Limited (NYSE:BUR)

Cushing Capital Partners LLC trimmed its position in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 81.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,372 shares of the company's stock after selling 48,338 shares during the quarter. Cushing Capital Partners LLC's holdings in Burford Capital were worth $150,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC lifted its position in Burford Capital by 820.4% during the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after acquiring an additional 5,628 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Burford Capital by 109.3% during the fourth 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. HM Payson & Co. purchased a new stake in shares of Burford Capital during the 4th quarter valued at $119,000. Quantinno Capital Management LP acquired a new stake in shares of Burford Capital in the 4th quarter worth $132,000. Finally, Mariner LLC purchased a new position in Burford Capital during the 4th quarter worth $142,000.

Burford Capital Stock Down 14.0%

BUR stock opened at $10.87 on Wednesday. The stock has a market capitalization of $2.38 billion, a PE ratio of 11.69 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 quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $13.37 and a 200 day moving average of $13.58.

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

Wall Street Analyst Weigh In

Separately, Wedbush raised Burford Capital to an "outperform" rating and set a $18.00 target price on the stock in a research report on Wednesday, June 11th.

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.

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