Burford Capital Limited (NYSE:BUR) CEO Sells $1,314,900.00 in Stock

Burford Capital Limited (NYSE:BUR) CEO Christopher P. Bogart sold 90,000 shares of Burford Capital stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $1,314,900.00. Following the transaction, the chief executive officer now owns 452,185 shares in the company, valued at approximately $6,606,422.85. This trade represents a 16.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Burford Capital Stock Down 0.3 %

Shares of BUR opened at $14.31 on Friday. The stock’s 50-day moving average price is $13.32 and its two-hundred day moving average price is $13.37. Burford Capital Limited has a 12 month low of $12.07 and a 12 month high of $16.77. The company has a market capitalization of $3.13 billion, a PE ratio of 12.34 and a beta of 0.56. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54.

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

Institutional Investors Weigh In On Burford Capital

A number of institutional investors have recently modified their holdings of BUR. State Street Corp lifted its holdings in 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 buying an additional 582,514 shares during the period. Emeth Value Capital LLC acquired a new position in shares of Burford Capital in the 4th quarter valued at about $17,980,000. Claar Advisors LLC boosted its position in shares of Burford Capital by 22.7% during the 3rd quarter. Claar Advisors LLC now owns 595,446 shares of the company’s stock valued at $7,896,000 after purchasing an additional 110,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Burford Capital by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company’s stock worth $6,369,000 after purchasing an additional 2,277 shares during the period. Finally, HighTower Advisors LLC increased its holdings in Burford Capital by 15.7% in the third quarter. HighTower Advisors LLC now owns 314,037 shares of the company’s stock worth $4,154,000 after purchasing an additional 42,699 shares in the last quarter.

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.