Burford Capital Limited (NYSE:BUR) CEO Christopher P. Bogart Sells 90,000 Shares of Stock

Burford Capital Limited (NYSE:BUR) CEO Christopher P. Bogart sold 90,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 452,185 shares in the company, valued at approximately $6,606,422.85. This represents a 16.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Burford Capital Stock Performance

NYSE BUR opened at $14.31 on Friday. The firm’s 50 day simple moving average is $13.32 and its 200 day simple moving average is $13.37. The firm has a market capitalization of $3.13 billion, a price-to-earnings 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 Limited has a 1 year low of $12.07 and a 1 year high of $16.77.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC boosted its stake in shares of Burford Capital by 15.7% in the 3rd quarter. HighTower Advisors LLC now owns 314,037 shares of the company’s stock valued at $4,154,000 after purchasing an additional 42,699 shares in the last quarter. State Street Corp boosted its position 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 in the last quarter. Evergreen Wealth Management LLC bought a new stake in shares of Burford Capital during the third quarter worth $1,434,000. Central Pacific Bank Trust Division increased its holdings in shares of Burford Capital by 27.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 25,350 shares of the company’s stock worth $323,000 after buying an additional 5,510 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Burford Capital by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 279,427 shares of the company’s stock valued at $3,705,000 after acquiring 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.