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DCF Advisers LLC Invests $277,000 in Burford Capital Limited (NYSE:BUR)

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Key Points

  • DCF Advisers LLC purchased 21,000 shares of Burford Capital Limited for approximately $277,000 during the 1st quarter.
  • Several analysts have upgraded Burford Capital's stock, with Wedbush setting an "outperform" rating and an $18.00 price target.
  • Insider sales have taken place, including the CIO and CEO both selling 210,000 shares at an average price of $14.60, resulting in a significant reduction in their total holdings.
  • Looking to export and analyze Burford Capital data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

DCF Advisers LLC purchased a new position in shares of Burford Capital Limited (NYSE:BUR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,000 shares of the company's stock, valued at approximately $277,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BUR. Cooke & Bieler LP purchased a new stake in shares of Burford Capital during the first quarter worth about $24,761,000. Breach Inlet Capital Management LLC acquired a new position in Burford Capital during the fourth quarter valued at $12,147,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Burford Capital by 22.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company's stock worth $47,529,000 after acquiring an additional 691,269 shares during the last quarter. Antara Capital LP raised its stake in shares of Burford Capital by 683.6% in the fourth quarter. Antara Capital LP now owns 391,800 shares of the company's stock valued at $4,995,000 after acquiring an additional 341,800 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 purchasing an additional 269,928 shares in the last quarter.

Insiders Place Their Bets

In related news, President Aviva O. Will sold 17,500 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 $255,500.00. Following the completion of the transaction, the president directly owned 293,479 shares in the company, valued at $4,284,793.40. The trade was a 5.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David Perla sold 7,000 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $14.60, for a total value of $102,200.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 444,500 shares of company stock valued at $6,489,700 over the last quarter. 8.90% of the stock is currently owned by insiders.

Burford Capital Stock Performance

NYSE:BUR traded up $0.13 during midday trading on Thursday, reaching $12.88. The stock had a trading volume of 428,870 shares, compared to its average volume of 1,361,338. The firm's fifty day simple moving average is $13.08 and its 200-day simple moving average is $13.60. Burford Capital Limited has a 1-year low of $10.70 and a 1-year high of $15.73. The stock has a market capitalization of $2.82 billion, a P/E ratio of 13.84 and a beta of 0.65. 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 posted its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. Burford Capital had a return on equity of 6.41% and a net margin of 33.41%. On average, equities research analysts forecast that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BUR. Wedbush upgraded shares of Burford Capital to an "outperform" rating and set a $18.00 price target for the company in a research report on Wednesday, June 11th. Wall Street Zen upgraded shares of Burford Capital from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd.

Get Our Latest Research Report on Burford Capital

About Burford Capital

(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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Institutional Ownership by Quarter for Burford Capital (NYSE:BUR)

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