Greenlea Lane Capital Management LLC Sells 94,000 Shares of Burford Capital Limited $BUR

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 lessened its holdings in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 10.6% during the first quarter, according to the company in its most recent Form 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 period. Burford Capital accounts for about 3.6% of Greenlea Lane Capital Management LLC's investment portfolio, making the stock its 8th biggest holding. Greenlea Lane Capital Management LLC owned 0.36% of Burford Capital worth $10,441,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BUR. Ridgewood Investments LLC bought a new stake in Burford Capital during the 1st quarter valued at $26,000. Sterling Capital Management LLC raised its stake in Burford Capital by 820.4% during the 4th quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after acquiring an additional 5,628 shares in the last quarter. Sunbelt Securities Inc. raised its stake in Burford Capital by 109.3% during the 4th quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company's stock valued at $114,000 after acquiring an additional 4,700 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Burford Capital during the fourth quarter valued at about $132,000. Finally, Mariner LLC bought a new stake in shares of Burford Capital during the fourth quarter valued at about $142,000.

Analysts Set New Price Targets

BUR has been the topic of a number of recent analyst reports. Wedbush restated an "outperform" rating and set a $18.00 price objective on shares of Burford Capital in a research note on Thursday, August 14th. Wall Street Zen downgraded shares of Burford Capital from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $18.00.

Burford Capital Price Performance

Shares of NYSE BUR traded down $0.0080 during midday trading on Wednesday, reaching $13.8320. The company's stock had a trading volume of 2,411,630 shares, compared to its average volume of 1,294,338. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 12.81 and a beta of 0.65. Burford Capital Limited has a one year low of $10.70 and a one year high of $15.73. The company has a 50 day moving average price of $13.19 and a 200 day moving average price of $13.57. The company has a current ratio of 10.09, a quick 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 results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. The company had revenue of $191.29 million for 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, equities research analysts expect that Burford Capital Limited will post 1.28 EPS for the current year.

Insider Buying and Selling

In other Burford Capital news, CIO Jonathan Todd Molot sold 210,000 shares of the business's stock in a transaction dated 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 sale, the executive owned 3,406,625 shares in the company, valued at approximately $49,736,725. The trade was a 5.81% decrease in their position. The transaction 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 the business'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 chief executive officer owned 278,862 shares in the company, valued at approximately $4,071,385.20. The trade was 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 ninety days. 8.90% of the stock is currently owned by company insiders.

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.