Militia Capital Partners LP Acquires New Shares in Burford Capital Limited $BUR

Key Points

• Militia Capital Partners LP invested $793,000 in Burford Capital Limited by acquiring 60,000 shares during the first quarter of this year.
• Burford Capital reported $0.39 earnings per share for the last quarter, exceeding analysts' expectations of $0.33, alongside a revenue of $191.29 million.
• The stock received mixed ratings from analysts, with Wall Street Zen downgrading it from "buy" to "hold" while others maintain a "buy" rating with a price target of $18.00.

Militia Capital Partners LP acquired a new stake in Burford Capital Limited (NYSE:BUR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 60,000 shares of the company's stock, valued at approximately $793,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Northern Trust Corp lifted its stake in shares of Burford Capital by 5.7% during the 4th quarter. Northern Trust Corp now owns 1,256,636 shares of the company's stock worth $16,022,000 after purchasing an additional 67,929 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Burford Capital during the fourth quarter worth about $167,000. BNP Paribas Financial Markets acquired a new stake in Burford Capital in the 4th quarter worth about $335,000. Deutsche Bank AG grew its holdings in Burford Capital by 17.6% in the 4th quarter. Deutsche Bank AG now owns 605,464 shares of the company's stock valued at $7,720,000 after buying an additional 90,664 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Burford Capital by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 114,032 shares of the company's stock valued at $1,454,000 after acquiring an additional 4,338 shares during the last quarter.

Insider Buying and Selling

In other news, insider David Perla sold 7,000 shares of the company'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 $102,200.00. Following the completion of the sale, the insider directly owned 80,172 shares of the company's stock, valued at approximately $1,170,511.20. This represents a 8.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CIO Jonathan Todd Molot sold 210,000 shares of Burford Capital 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 transaction, the executive directly owned 3,406,625 shares in the company, valued at approximately $49,736,725. The trade was a 5.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 444,500 shares of company stock worth $6,489,700. 8.90% of the stock is owned by company insiders.

Burford Capital Stock Up 0.4%

Shares of NYSE:BUR traded up $0.06 during trading on Wednesday, hitting $12.89. The company's stock had a trading volume of 242,191 shares, compared to its average volume of 1,379,170. The company has a market capitalization of $2.82 billion, a PE ratio of 11.91 and a beta of 0.66. Burford Capital Limited has a fifty-two week low of $10.70 and a fifty-two week high of $15.73. The company has a debt-to-equity ratio of 0.55, a quick ratio of 10.09 and a current ratio of 10.09. The stock's 50-day moving average price is $13.53 and its two-hundred day moving average price is $13.33.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on BUR. Wall Street Zen lowered shares of Burford Capital from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Wedbush reiterated an "outperform" rating and set a $18.00 price objective on shares of Burford Capital in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $18.00.

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.