12,000 Shares in Burford Capital Limited (NYSE:BUR) Bought by Paloma Partners Management Co

Paloma Partners Management Co bought a new position in shares of Burford Capital Limited (NYSE:BUR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $192,000.

Several other institutional investors have also bought and sold shares of the business. M&G Plc bought a new position in Burford Capital during the first quarter valued at $18,108,000. Steamboat Capital Partners LLC lifted its holdings in Burford Capital by 1.7% during the 1st quarter. Steamboat Capital Partners LLC now owns 43,663 shares of the company’s stock valued at $697,000 after buying an additional 727 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Burford Capital by 5.2% during the 1st quarter. Quantbot Technologies LP now owns 42,576 shares of the company’s stock valued at $680,000 after buying an additional 2,120 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Burford Capital during the 1st quarter valued at about $316,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Burford Capital in the 1st quarter valued at about $238,000.

Burford Capital Trading Up 1.5 %

Shares of NYSE:BUR traded up $0.20 during trading hours on Tuesday, hitting $13.68. The company’s stock had a trading volume of 130,024 shares, compared to its average volume of 1,152,102. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $17.70. The company has a current ratio of 14.17, a quick ratio of 14.17 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average price is $13.63 and its 200 day moving average price is $14.56.

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

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and issued a $22.50 price target on shares of Burford Capital in a report on Tuesday, July 2nd.

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.