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Federated Hermes Inc. Has $5.22 Million Stock Position in Burford Capital Limited (NYSE:BUR)

Burford Capital logo with Finance background

Key Points

  • Federated Hermes Inc. has reduced its stake in Burford Capital Limited by 19% after selling 92,865 shares, now holding approximately 395,235 shares valued at $5.2 million.
  • Recent trades by insiders included a notable sale of 210,000 shares by Chief Investment Officer Jonathan Todd Molot, totaling over $3 million, indicating a 5.81% decrease in his ownership.
  • Burford Capital's stock is currently valued at around $12.42, with analysts predicting a growth, as evidenced by upgrades to an “outperform” rating by Wedbush and a “buy” rating by Wall Street Zen.
  • Looking to export and analyze Burford Capital data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Federated Hermes Inc. trimmed its stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 19.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 395,235 shares of the company's stock after selling 92,865 shares during the period. Federated Hermes Inc. owned about 0.18% of Burford Capital worth $5,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC acquired a new position in shares of Burford Capital during the 1st quarter worth approximately $26,000. Sterling Capital Management LLC increased its holdings in shares of Burford Capital by 820.4% during the 4th quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock worth $81,000 after buying an additional 5,628 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Burford Capital by 109.3% during 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 stake in Burford Capital during the 4th quarter worth $132,000. Finally, Mariner LLC purchased a new stake in Burford Capital during the 4th quarter worth $142,000.

Burford Capital Trading Up 3.4%

Shares of NYSE BUR traded up $0.45 during mid-day trading on Friday, hitting $13.42. 863,862 shares of the company traded hands, compared to its average volume of 1,362,622. 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 $2.93 billion, a price-to-earnings ratio of 14.43 and a beta of 0.65. 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 business has a 50 day moving average of $13.08 and a two-hundred day moving average of $13.60.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The firm had revenue of $191.29 million during the quarter, compared to the consensus estimate of $159.02 million. Burford Capital had a return on equity of 6.41% and a net margin of 33.41%. On average, sell-side analysts anticipate that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

BUR has been the topic of several recent research reports. Wedbush upgraded shares of Burford Capital to an "outperform" rating and set a $18.00 price objective on the stock in a research report on Wednesday, June 11th. Wall Street Zen upgraded Burford Capital from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd.

View Our Latest Stock Analysis on BUR

Insider Transactions at Burford Capital

In other news, insider David Perla sold 7,000 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $14.60, for a total transaction of $102,200.00. Following the transaction, the insider owned 80,172 shares of the company's stock, valued at approximately $1,170,511.20. This represents a 8.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher P. Bogart sold 210,000 shares of the stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total value of $3,066,000.00. Following the transaction, the chief executive officer directly owned 278,862 shares in the company, valued at approximately $4,071,385.20. This represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 444,500 shares of company stock valued at $6,489,700 over the last 90 days. Company insiders own 8.90% of the company's stock.

Burford Capital Profile

(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.

Further Reading

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

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