XTX Topco Ltd Invests $1.31 Million in Burford Capital Limited (NYSE:BUR)

Key Points

• XTX Topco Ltd has invested approximately $1.31 million in Burford Capital Limited by purchasing 99,296 shares during the first quarter.
• Insider sales include President Aviva O. Will and CEO Christopher P. Bogart selling 17,500 and 210,000 shares respectively, indicating significant reductions in their ownership positions.
• Burford Capital reported earnings per share of $0.14, missing expectations, and analysts predict an EPS of 1.28 for the current fiscal year.

XTX Topco Ltd bought a new position in shares of Burford Capital Limited (NYSE:BUR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 99,296 shares of the company's stock, valued at approximately $1,312,000.

A number of other institutional investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC raised its position 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 purchasing an additional 691,269 shares during the period. Sycale Advisors NY LLC raised its position 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 purchasing an additional 107,983 shares during the period. Cooke & Bieler LP acquired a new position in shares of Burford Capital during the first quarter worth approximately $24,761,000. Emeth Value Capital LLC raised its position 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 purchasing an additional 62,374 shares during the period. Finally, Vanguard Group Inc. raised its position 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 purchasing an additional 63,346 shares during the period.

Insiders Place Their Bets

In other Burford Capital news, President Aviva O. Will sold 17,500 shares of the company's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $14.60, for a total value of $255,500.00. Following the completion of the transaction, the president owned 293,479 shares in the company, valued at $4,284,793.40. This represents a 5.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher P. Bogart sold 210,000 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total value of $3,066,000.00. Following the transaction, the chief executive officer directly owned 278,862 shares in the company, valued at $4,071,385.20. This represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,500 shares of company stock worth $6,489,700 over the last 90 days. Company insiders own 8.90% of the company's stock.

Burford Capital Trading Down 0.7%

Shares of Burford Capital stock opened at $12.83 on Friday. The stock has a fifty day simple moving average of $13.11 and a 200 day simple moving average of $13.61. Burford Capital Limited has a 12-month low of $10.70 and a 12-month high of $15.73. The company has a market capitalization of $2.80 billion, a P/E ratio of 13.79 and a beta of 0.67. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 0.56.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BUR. Wall Street Zen lowered Burford Capital from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Wedbush upgraded Burford Capital to an "outperform" rating and set a $18.00 price target for the company in a report on Wednesday, June 11th.

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.

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