Teacher Retirement System of Texas Reduces Stock Holdings in Burford Capital Limited (NYSE:BUR)

Teacher Retirement System of Texas lessened its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,920,000 shares of the company's stock after selling 450,000 shares during the quarter. Teacher Retirement System of Texas owned approximately 2.70% of Burford Capital worth $78,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BUR. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Burford Capital by 22.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company's stock worth $47,529,000 after buying an additional 691,269 shares in the last quarter. Sycale Advisors NY LLC grew its holdings in shares of Burford Capital by 5.3% during the fourth quarter. Sycale Advisors NY LLC now owns 2,157,950 shares of the company's stock worth $27,514,000 after buying an additional 107,983 shares in the last quarter. Emeth Value Capital LLC grew its holdings in shares of Burford Capital by 4.4% during the first quarter. Emeth Value Capital LLC now owns 1,472,536 shares of the company's stock worth $19,452,000 after buying an additional 62,374 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Burford Capital by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 1,429,089 shares of the company's stock worth $18,243,000 after buying an additional 63,346 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Burford Capital by 5.7% during the fourth quarter. Northern Trust Corp now owns 1,256,636 shares of the company's stock worth $16,022,000 after buying an additional 67,929 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wedbush raised shares of Burford Capital to an "outperform" rating and set a $18.00 target price for the company in a report on Wednesday, June 11th.

Burford Capital Trading Up 4.8%

Shares of BUR traded up $0.65 during mid-day trading on Friday, reaching $14.10. The stock had a trading volume of 1,959,888 shares, compared to its average volume of 1,011,735. The company has a debt-to-equity ratio of 0.56, a current ratio of 13.27 and a quick ratio of 13.27. Burford Capital Limited has a 52-week low of $10.70 and a 52-week high of $15.73. The business's fifty day moving average is $13.05 and its 200 day moving average is $13.46. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 15.16 and a beta of 0.67.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.16). Burford Capital had a net margin of 33.41% and a return on equity of 6.41%. The firm had revenue of $118.86 million during the quarter, compared to analysts' expectations of $157.00 million. On average, sell-side analysts predict that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

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.