Trexquant Investment LP Has $2.59 Million Stake in Burford Capital Limited $BUR

Key Points

• Trexquant Investment LP increased its holdings in Burford Capital Limited by 350.7% during the first quarter, owning 196,295 shares valued at approximately $2.6 million.
• Burford Capital's stock price recently dropped by 4.5%, and it has a market capitalization of $2.89 billion with current pricing around $13.19.
• Insider selling activity has been noted, with significant share sales by key executives totaling around $6.49 million in the last three months.

Trexquant Investment LP lifted its position in Burford Capital Limited (NYSE:BUR - Free Report) by 350.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,295 shares of the company's stock after acquiring an additional 152,738 shares during the quarter. Trexquant Investment LP owned 0.09% of Burford Capital worth $2,593,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Mariner LLC bought a new position in Burford Capital during the fourth quarter worth about $142,000. Price T Rowe Associates Inc. MD lifted its stake in Burford Capital by 21.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 79,499 shares of the company's stock worth $1,014,000 after purchasing an additional 14,107 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Burford Capital by 0.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 91,025 shares of the company's stock worth $1,166,000 after acquiring an additional 676 shares during the period. Northern Trust Corp lifted its holdings 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 valued at $16,022,000 after buying an additional 67,929 shares during the period. Finally, Lido Advisors LLC bought a new position in shares of Burford Capital in the 4th quarter valued at about $180,000.

Insider Transactions at Burford Capital

In related news, CIO Jonathan Todd Molot sold 210,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive owned 3,406,625 shares of the company's stock, valued at approximately $49,736,725. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Perla sold 7,000 shares of the firm'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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 444,500 shares of company stock valued at $6,489,700. 8.90% of the stock is currently owned by insiders.

Burford Capital Stock Performance

Shares of BUR stock traded down $0.59 on Monday, hitting $12.75. The company had a trading volume of 1,885,678 shares, compared to its average volume of 1,381,068. The firm has a market cap of $2.79 billion, a P/E ratio of 11.81 and a beta of 0.66. The company has a 50-day moving average price of $13.70 and a 200-day moving average price of $13.45. Burford Capital Limited has a twelve month low of $10.70 and a twelve month 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 released its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. Burford Capital had a net margin of 37.08% and a return on equity of 7.48%. The firm had revenue of $191.29 million for the quarter, compared to the consensus estimate of $159.02 million. As a group, equities research analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wedbush reiterated an "outperform" rating and issued a $18.00 price objective on shares of Burford Capital in a report on Thursday, August 14th. Wall Street Zen lowered shares of Burford Capital from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus 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.