Insider Selling: Burford Capital Limited (NYSE:BUR) Insider Sells 3,000 Shares of Stock

Burford Capital Limited (NYSE:BUR) insider David Perla sold 3,000 shares of the firm’s 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 sale, the insider now directly owns 82,489 shares of the company’s stock, valued at $1,205,164.29. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Burford Capital Stock Down 0.3 %

Shares of Burford Capital stock traded down $0.05 on Thursday, reaching $14.31. The company’s stock had a trading volume of 882,459 shares, compared to its average volume of 875,398. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $16.77. The firm’s fifty day simple moving average is $13.31 and its two-hundred day simple moving average is $13.36. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. The company 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 issued its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.31. The business had revenue of $249.11 million during 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 quarter in the previous year, the firm earned $1.22 EPS. Equities analysts anticipate that Burford Capital Limited will post 1.25 earnings per share for the current year.

Institutional Investors Weigh In On Burford Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new stake in Burford Capital during the 3rd quarter valued at $57,000. Amalgamated Bank bought a new position in Burford Capital in the second quarter valued at about $90,000. Blue Trust Inc. boosted its position in Burford Capital by 503.2% in the third quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock worth $101,000 after purchasing an additional 6,481 shares during the last quarter. Covestor Ltd grew its stake in shares of Burford Capital by 27.6% during 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 during the period. Finally, BBR Partners LLC purchased a new stake in shares of Burford Capital during the 3rd quarter valued at about $133,000.

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.