Trivant Custom Portfolio Group LLC Sells 800 Shares of Burford Capital Limited (NYSE:BUR)

Trivant Custom Portfolio Group LLC lowered its position in shares of Burford Capital Limited (NYSE:BUR) by 20.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,200 shares of the company’s stock after selling 800 shares during the quarter. Trivant Custom Portfolio Group LLC’s holdings in Burford Capital were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC bought a new position in shares of Burford Capital during the 4th quarter worth approximately $31,000. ADAR1 Capital Management LLC bought a new position in shares of Burford Capital during the 4th quarter worth approximately $165,000. SG Americas Securities LLC bought a new position in shares of Burford Capital during the 4th quarter worth approximately $180,000. State of New Jersey Common Pension Fund D lifted its position in shares of Burford Capital by 24.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 22,426 shares of the company’s stock worth $350,000 after buying an additional 4,415 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Burford Capital during the 4th quarter worth approximately $384,000.

Burford Capital Price Performance

Shares of BUR stock traded up $0.18 during trading hours on Friday, hitting $13.05. 29,729,377 shares of the company were exchanged, compared to its average volume of 1,118,173. The firm has a fifty day simple moving average of $14.37 and a 200 day simple moving average of $14.69. The company has a current ratio of 14.17, a quick ratio of 14.17 and a debt-to-equity ratio of 0.58. Burford Capital Limited has a 52-week low of $11.78 and a 52-week high of $17.70.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.59). Burford Capital had a return on equity of 10.61% and a net margin of 42.81%. The company had revenue of $44.30 million for the quarter, compared to analysts’ expectations of $206.00 million. On average, research analysts expect that Burford Capital Limited will post 1.47 earnings per share for the current year.

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.