DCF Advisers LLC Purchases New Stake in Burford Capital Limited (NYSE:BUR)

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.

DCF Advisers LLC bought a new position in Burford Capital Limited (NYSE:BUR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 21,000 shares of the company's stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BUR. Ridgewood Investments LLC purchased a new position in shares of Burford Capital in the 1st quarter worth approximately $26,000. Sterling Capital Management LLC boosted its holdings 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 during the period. Sunbelt Securities Inc. boosted its holdings 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 during the period. Quantinno Capital Management LP purchased a new position in shares of Burford Capital in the 4th quarter worth approximately $132,000. Finally, Mariner LLC purchased a new position in shares of Burford Capital in the 4th quarter worth approximately $142,000.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BUR. Wedbush raised Burford Capital to an "outperform" rating and set a $18.00 price target for the company in a research note on Wednesday, June 11th. Wall Street Zen raised Burford Capital from a "hold" rating to a "buy" rating in a research note on Saturday.

Burford Capital Stock Up 0.6%

BUR stock traded up $0.08 on Wednesday, hitting $12.81. 400,508 shares of the company's stock were exchanged, compared to its average volume of 1,360,480. Burford Capital Limited has a 12-month low of $10.70 and a 12-month high of $15.73. The firm has a 50 day moving average price of $13.08 and a two-hundred day moving average price of $13.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 13.27 and a current ratio of 13.27. The stock has a market cap of $2.80 billion, a P/E ratio of 13.73 and a beta of 0.65.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share 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 analyst estimates of $157.00 million. Burford Capital had a net margin of 33.41% and a return on equity of 6.41%. As a group, equities research analysts expect that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Insider Transactions at Burford Capital

In other news, President Aviva O. Will sold 17,500 shares of the company's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $14.60, for a total value of $255,500.00. Following the sale, the president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Perla sold 7,000 shares of the company's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $14.60, for a total value of $102,200.00. Following the completion of the sale, the insider owned 80,172 shares in the company, valued at $1,170,511.20. The trade was a 8.03% decrease in their position. 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 three months. Company insiders own 8.90% of the company's stock.

Burford Capital 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.