Burford Capital Limited (NYSE:BUR) Insider Sells $43,830.00 in Stock

Burford Capital Limited (NYSE:BUR) insider David Perla sold 3,000 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $43,830.00. Following the sale, the insider now owns 82,489 shares of the company’s stock, valued at $1,205,164.29. This represents a 3.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Burford Capital Price Performance

BUR stock traded down $0.05 during midday trading on Thursday, hitting $14.31. The company’s stock had a trading volume of 882,459 shares, compared to its average volume of 875,398. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. Burford Capital Limited has a 12 month low of $12.07 and a 12 month high of $16.77. The company has a 50 day moving average of $13.31 and a two-hundred day moving average of $13.36. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 12.34 and a beta of 0.56.

Burford Capital (NYSE:BUR) last posted its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.31. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The company had revenue of $249.11 million during the quarter, compared to analysts’ expectations of $137.00 million. During the same period last year, the company posted $1.22 earnings per share. On average, analysts expect that Burford Capital Limited will post 1.25 EPS for the current year.

Institutional Investors Weigh In On Burford Capital

A number of hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in Burford Capital by 15.7% in the 3rd quarter. HighTower Advisors LLC now owns 314,037 shares of the company’s stock worth $4,154,000 after acquiring an additional 42,699 shares during the last quarter. State Street Corp grew its holdings in shares of Burford Capital by 24.6% in the third quarter. State Street Corp now owns 2,946,927 shares of the company’s stock valued at $39,076,000 after purchasing an additional 582,514 shares in the last quarter. Evergreen Wealth Management LLC bought a new stake in Burford Capital in the third quarter worth $1,434,000. Central Pacific Bank Trust Division raised its stake in Burford Capital by 27.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 25,350 shares of the company’s stock valued at $323,000 after purchasing an additional 5,510 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Burford Capital by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 279,427 shares of the company’s stock valued at $3,705,000 after purchasing an additional 30,355 shares during the last quarter.

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.