Burford Capital Limited $BUR Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Burford Capital Limited by 0.8% during Q1, owning a total of 4,527,180 shares valued at approximately $59.8 million.
• Several hedge funds, including Principal Financial Group and Summit Investment Advisors, also raised their holdings in Burford Capital in recent months.
• Burford Capital reported better-than-expected earnings for the last quarter, with earnings per share (EPS) of $0.39, surpassing analyst estimates of $0.33.

Invesco Ltd. grew its position in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,527,180 shares of the company's stock after purchasing an additional 34,228 shares during the quarter. Invesco Ltd. owned approximately 2.06% of Burford Capital worth $59,804,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new position in shares of Burford Capital during the 1st quarter valued at 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 valued at $81,000 after purchasing an additional 5,628 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Burford Capital by 109.3% in the 4th quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company's stock worth $114,000 after acquiring an additional 4,700 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in Burford Capital in the 4th quarter worth $132,000. Finally, Mariner LLC purchased a new stake in Burford Capital in the 4th quarter worth $142,000.

Insider Buying and Selling at Burford Capital

In other news, CEO Christopher P. Bogart sold 210,000 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total transaction of $3,066,000.00. Following the completion of the sale, the chief executive officer owned 278,862 shares of the company's stock, valued at $4,071,385.20. This represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Perla sold 7,000 shares of the company'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 sale, the insider directly owned 80,172 shares of the company's stock, valued at $1,170,511.20. The trade was a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 444,500 shares of company stock worth $6,489,700 over the last three months. 8.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on BUR shares. Wall Street Zen lowered shares of Burford Capital from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Wedbush reissued an "outperform" rating and issued a $18.00 price target on shares of Burford Capital in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Burford Capital currently has a consensus rating of "Buy" and an average target price of $18.00.

Burford Capital Price Performance

Shares of Burford Capital stock traded down $0.2050 during trading hours on Thursday, reaching $13.6150. 976,006 shares of the company's stock were exchanged, compared to its average volume of 1,372,375. Burford Capital Limited has a 1 year low of $10.70 and a 1 year high of $15.73. The company has a market capitalization of $2.98 billion, a P/E ratio of 12.61 and a beta of 0.65. The business has a fifty day moving average of $13.21 and a two-hundred day moving average of $13.56. 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 released its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $191.29 million during the quarter, compared to analyst estimates of $159.02 million. As a group, research analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

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.