OMERS ADMINISTRATION Corp Invests $509,000 in Burford Capital Limited $BUR

Key Points

• OMERS Administration Corp has gained a new position in Burford Capital, purchasing 38,500 shares valued at approximately $509,000 in the first quarter.
• Burford Capital's stock has dropped 1.3% recently, opening at $13.82, with a 12-month low of $10.70 and a high of $15.73.
• Analysts have mixed views on Burford Capital, with one firm lowering its rating from "buy" to "hold," while another set a price target of $18.00 for the stock.

OMERS ADMINISTRATION Corp bought a new position in shares of Burford Capital Limited (NYSE:BUR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 38,500 shares of the company's stock, valued at approximately $509,000.

Other large investors have also added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in Burford Capital during the first quarter worth approximately $26,000. Sunbelt Securities Inc. raised its position in shares of Burford Capital by 109.3% during the fourth quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company's stock worth $114,000 after purchasing an additional 4,700 shares during the period. Ieq Capital LLC acquired a new stake in Burford Capital in the 1st quarter valued at $132,000. American Century Companies Inc. acquired a new stake in Burford Capital in the 1st quarter valued at $134,000. Finally, Summit Securities Group LLC acquired a new stake in Burford Capital in the 1st quarter valued at $136,000.

Insiders Place Their Bets

In related 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 completion of the transaction, the executive directly owned 3,406,625 shares in the company, valued at $49,736,725. The trade was a 5.81% 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, President Aviva O. Will sold 17,500 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 $255,500.00. Following the transaction, the president owned 293,479 shares of the company's stock, valued at approximately $4,284,793.40. The trade was a 5.63% 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 valued at $6,489,700 in the last ninety days. Corporate insiders own 8.90% of the company's stock.

Burford Capital Stock Performance

Burford Capital stock traded down $0.34 during mid-day trading on Monday, reaching $12.99. 343,615 shares of the company's stock were exchanged, compared to its average volume of 1,371,975. The business's fifty day simple moving average is $13.70 and its 200 day simple moving average is $13.45. The firm has a market capitalization of $2.84 billion, a PE ratio of 12.01 and a beta of 0.66. Burford Capital Limited has a one year low of $10.70 and a one year high of $15.73. 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 issued its quarterly earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $159.02 million. On average, sell-side analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

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