Sage Investment Counsel LLC Acquires Shares of 32,000 Burford Capital Limited (NYSE:BUR)

Sage Investment Counsel LLC acquired a new stake in Burford Capital Limited (NYSE:BUR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 32,000 shares of the company’s stock, valued at approximately $408,000.

A number of other institutional investors also recently added to or reduced their stakes in BUR. Creative Planning boosted its holdings in Burford Capital by 92.1% in the 3rd quarter. Creative Planning now owns 22,255 shares of the company’s stock valued at $295,000 after purchasing an additional 10,667 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Burford Capital in the 3rd quarter valued at approximately $264,000. Covestor Ltd boosted its holdings in Burford Capital by 27.6% in the 3rd quarter. Covestor Ltd now owns 8,527 shares of the company’s stock valued at $113,000 after purchasing an additional 1,842 shares in the last quarter. Evergreen Wealth Management LLC acquired a new stake in shares of Burford Capital during the 3rd quarter valued at approximately $1,434,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Burford Capital during the 3rd quarter valued at approximately $265,000.

Burford Capital Price Performance

BUR stock opened at $15.62 on Friday. The firm has a 50 day moving average of $13.98 and a 200-day moving average of $13.60. Burford Capital Limited has a 12-month low of $12.07 and a 12-month high of $16.77. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 13.46 and a beta of 0.58.

Insider Activity

In other news, insider David Perla sold 3,000 shares of Burford Capital stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $43,830.00. Following the completion of the sale, the insider now directly owns 82,489 shares in the company, valued at approximately $1,205,164.29. This trade represents a 3.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher P. Bogart sold 90,000 shares of Burford Capital stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $1,314,900.00. Following the sale, the chief executive officer now owns 452,185 shares of the company’s stock, valued at approximately $6,606,422.85. The trade was a 16.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 100,500 shares of company stock worth $1,468,305. Company insiders own 0.19% of the company’s stock.

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.