Burford Capital Limited $BUR Stock Position Decreased by Greenlea Lane Capital Management LLC

Key Points

• Greenlea Lane Capital Management LLC reduced its holdings in Burford Capital by 10.6%, selling 94,000 shares, while it still maintains a 3.6% position in the company.
• Burford Capital's stock recently opened at $13.60 and has shown a 3.0% decrease in value, with a current market cap of $2.97 billion.
• Analysts have mixed views on Burford Capital, with Wedbush affirming an "outperform" rating and a target price of $18.00, while Wall Street Zen downgraded the stock from "buy" to "hold."

Greenlea Lane Capital Management LLC cut its position in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 10.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 790,405 shares of the company's stock after selling 94,000 shares during the quarter. Burford Capital makes up about 3.6% of Greenlea Lane Capital Management LLC's investment portfolio, making the stock its 8th largest position. Greenlea Lane Capital Management LLC owned 0.36% of Burford Capital worth $10,441,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cooke & Bieler LP bought a new stake in shares of Burford Capital in the 1st quarter valued at about $24,761,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Burford Capital by 22.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company's stock valued at $47,529,000 after acquiring an additional 691,269 shares during the last quarter. Antara Capital LP lifted its stake in shares of Burford Capital by 683.6% in the 4th 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. JPMorgan Chase & Co. lifted its stake in shares of Burford Capital by 96.6% in the 4th quarter. JPMorgan Chase & Co. now owns 549,355 shares of the company's stock valued at $7,004,000 after acquiring an additional 269,928 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Burford Capital by 75.1% in the 1st quarter. HighTower Advisors LLC now owns 565,149 shares of the company's stock valued at $7,466,000 after acquiring an additional 242,304 shares during the last quarter.

Insider Transactions at Burford Capital

In other Burford Capital news, CIO Jonathan Todd Molot sold 210,000 shares of the company's 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 $3,066,000.00. Following the transaction, the executive owned 3,406,625 shares in the company, valued at approximately $49,736,725. This represents a 5.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Aviva O. Will sold 17,500 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $14.60, for a total value of $255,500.00. Following the transaction, the president owned 293,479 shares in the company, valued at $4,284,793.40. This trade represents a 5.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,500 shares of company stock worth $6,489,700 over the last quarter. Insiders own 8.90% of the company's stock.

Burford Capital Trading Down 1.4%

BUR traded down $0.19 during midday trading on Friday, reaching $13.39. 2,975,084 shares of the company's stock traded hands, compared to its average volume of 1,261,194. The firm has a fifty day moving average of $13.16 and a two-hundred day moving average of $13.57. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 12.40 and a beta of 0.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 10.09 and a quick ratio of 10.09. Burford Capital Limited has a 52 week low of $10.70 and a 52 week high of $15.73.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wedbush reissued an "outperform" rating and issued a $18.00 target price on shares of Burford Capital in a research note on Thursday. Wall Street Zen lowered Burford Capital from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th.

About Burford Capital

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.