Gordian Capital Singapore Pte Ltd Trims Position in Burford Capital Limited $BUR

Key Points

• Gordian Capital Singapore Pte Ltd reduced its stake in Burford Capital by 51.0% during Q1, owning 55,000 shares worth approximately $741,000 after selling 57,200 shares.
• Insiders, including the CIO and CEO, sold a total of 444,500 shares of Burford Capital stock, indicating a significant decrease in their respective ownership percentages.
• Analysts have mixed opinions on Burford Capital, with consensus being a "Buy" rating and a target price of $18.00, despite some brokerages adjusting their ratings recently.

Gordian Capital Singapore Pte Ltd lessened its stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 51.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,000 shares of the company's stock after selling 57,200 shares during the period. Gordian Capital Singapore Pte Ltd's holdings in Burford Capital were worth $741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Burford Capital by 0.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 91,025 shares of the company's stock worth $1,166,000 after acquiring an additional 676 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of Burford Capital during the 1st quarter worth about $26,000. Principal Financial Group Inc. lifted its position in Burford Capital by 20.0% in the first quarter. Principal Financial Group Inc. now owns 13,283 shares of the company's stock valued at $175,000 after buying an additional 2,214 shares during the last quarter. Mraz Amerine & Associates Inc. increased its stake in Burford Capital by 2.4% during the first quarter. Mraz Amerine & Associates Inc. now owns 142,909 shares of the company's stock worth $1,925,000 after purchasing an additional 3,382 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Burford Capital by 5.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,123 shares of the company's stock worth $951,000 after purchasing an additional 3,668 shares during the period.

Analyst Ratings Changes

A number of brokerages have issued reports on BUR. Wedbush reiterated an "outperform" rating and set a $18.00 price target on shares of Burford Capital in a research note on Thursday, August 14th. Wall Street Zen cut shares of Burford Capital from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $18.00.

Insiders Place Their Bets

In other Burford Capital news, CIO Jonathan Todd Molot sold 210,000 shares of the firm'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 $3,066,000.00. Following the sale, the executive directly owned 3,406,625 shares of the company's stock, valued at approximately $49,736,725. This trade represents a 5.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher P. Bogart sold 210,000 shares of Burford Capital 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 completion of the transaction, the chief executive officer directly owned 278,862 shares in the company, valued at $4,071,385.20. This represents a 42.96% 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 in the last quarter. Corporate insiders own 8.90% of the company's stock.

Burford Capital Trading Down 0.2%

Shares of BUR stock opened at $13.74 on Friday. Burford Capital Limited has a fifty-two week low of $10.70 and a fifty-two week high of $15.73. The stock has a market cap of $3.01 billion, a P/E ratio of 12.72 and a beta of 0.65. The business has a fifty day simple moving average of $13.43 and a 200-day simple moving average of $13.55. The company has a quick ratio of 10.09, a current ratio of 10.09 and a debt-to-equity ratio of 0.55.

Burford Capital (NYSE:BUR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. The firm had revenue of $191.29 million during the quarter, compared to analysts' expectations of $159.02 million. Burford Capital had a return on equity of 7.48% and a net margin of 37.08%. On average, analysts forecast that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Company 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.

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