Trexquant Investment LP Raises 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 increased its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 350.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,295 shares of the company's stock after purchasing 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 filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Ridgewood Investments LLC bought a new stake in Burford Capital in the 1st quarter worth $26,000. Sunbelt Securities Inc. grew 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 during the last quarter. Ieq Capital LLC bought a new stake in Burford Capital in the 1st quarter worth $132,000. American Century Companies Inc. bought a new stake in Burford Capital in the 1st quarter worth $134,000. Finally, Summit Securities Group LLC bought a new stake in Burford Capital in the 1st quarter worth $136,000.

Insider Activity at Burford Capital

In other news, CIO Jonathan Todd Molot sold 210,000 shares of Burford Capital stock in a transaction dated 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 sale, the executive owned 3,406,625 shares of the company's stock, valued at approximately $49,736,725. The trade was a 5.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Aviva O. Will sold 17,500 shares of Burford Capital stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total transaction of $255,500.00. Following the transaction, the president directly owned 293,479 shares of the company's stock, valued at approximately $4,284,793.40. This trade represents a 5.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 444,500 shares of company stock worth $6,489,700. 8.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BUR. Wedbush reissued an "outperform" rating and issued a $18.00 price target 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 report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Burford Capital currently has an average rating of "Buy" and a consensus price target of $18.00.

Burford Capital Trading Down 1.1%

Shares of BUR traded down $0.14 during trading hours on Tuesday, reaching $12.60. 718,505 shares of the company traded hands, compared to its average volume of 1,379,004. The company's fifty day moving average price is $13.67 and its two-hundred day moving average price is $13.43. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 11.68 and a beta of 0.66. 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 Limited has a 12 month low of $10.70 and a 12 month high of $15.73.

Burford Capital (NYSE:BUR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.06. The firm had revenue of $191.29 million for 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%. Equities research analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

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.