Graham Capital Management L.P. Invests $1.29 Million in Burford Capital Limited $BUR

Key Points

• Graham Capital Management L.P. has invested $1.29 million in Burford Capital Limited by acquiring 97,680 shares in the first quarter.
• Burford Capital's stock has seen a decline of 4.5%, with a current price of $13.19, and has a market cap of $2.89 billion.
• In recent earnings, Burford Capital reported $0.39 EPS, surpassing the consensus estimate of $0.33, with revenues of $191.29 million.

Graham Capital Management L.P. bought a new stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 97,680 shares of the company's stock, valued at approximately $1,290,000.

Other hedge funds have also added to or reduced their stakes in the company. Orbis Allan Gray Ltd lifted its stake in shares of Burford Capital by 10.3% in the 1st quarter. Orbis Allan Gray Ltd now owns 7,235,504 shares of the company's stock valued at $95,581,000 after purchasing an additional 677,271 shares during the last quarter. Vident Advisory LLC boosted its position in Burford Capital by 45.9% during the 1st quarter. Vident Advisory LLC now owns 36,237 shares of the company's stock worth $479,000 after purchasing an additional 11,399 shares during the period. Trexquant Investment LP boosted its holdings in Burford Capital by 350.7% during the first quarter. Trexquant Investment LP now owns 196,295 shares of the company's stock worth $2,593,000 after buying an additional 152,738 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Burford Capital in the 1st quarter valued at $509,000. Finally, Contrarian Capital Management L.L.C. acquired a new position in Burford Capital in the first quarter valued at about $32,586,000.

Insider Buying and Selling

In other news, 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 transaction of $102,200.00. Following the transaction, the insider directly owned 80,172 shares of the company's stock, valued at approximately $1,170,511.20. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CIO Jonathan Todd Molot sold 210,000 shares of the business's stock in a transaction that occurred on 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 sale, the executive owned 3,406,625 shares in the company, valued at approximately $49,736,725. This represents a 5.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 444,500 shares of company stock worth $6,489,700 in the last 90 days. 8.90% of the stock is owned by insiders.

Burford Capital Trading Down 4.6%

Burford Capital stock traded down $0.62 during trading hours on Monday, reaching $12.72. 2,007,924 shares of the company's stock were exchanged, compared to its average volume of 1,382,024. The firm's 50 day simple moving average is $13.70 and its 200 day simple moving average is $13.45. 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 Limited has a twelve month low of $10.70 and a twelve month high of $15.73. The firm has a market capitalization of $2.78 billion, a PE ratio of 11.76 and a beta of 0.66.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wedbush restated an "outperform" rating and issued a $18.00 price target on shares of Burford Capital in a research report on Thursday, August 14th. Wall Street Zen downgraded shares of Burford Capital from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Burford Capital currently has an average rating of "Buy" and a consensus price target of $18.00.

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.