David Perla Sells 3,000 Shares of Burford Capital Limited (NYSE:BUR) Stock

Burford Capital Limited (NYSE:BUR) insider David Perla sold 3,000 shares of the business’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 value of $43,830.00. Following the completion of the sale, the insider now owns 82,489 shares in the company, valued at $1,205,164.29. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Burford Capital Price Performance

NYSE BUR opened at $14.05 on Friday. The firm’s 50 day moving average is $13.32 and its 200-day moving average is $13.37. 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 $3.08 billion, a PE ratio of 12.11 and a beta of 0.56. Burford Capital Limited has a 12-month low of $12.07 and a 12-month high of $16.77.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping 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 firm had revenue of $249.11 million for the quarter, compared to analysts’ expectations of $137.00 million. During the same period in the previous year, the firm posted $1.22 EPS. Equities research analysts anticipate that Burford Capital Limited will post 1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Burford Capital

Several large investors have recently made changes to their positions in BUR. Rhumbline Advisers lifted its stake in Burford Capital by 0.4% in the fourth quarter. Rhumbline Advisers now owns 296,650 shares of the company’s stock valued at $3,782,000 after acquiring an additional 1,249 shares during the last quarter. Covestor Ltd grew its holdings in Burford Capital by 27.6% during the third quarter. Covestor Ltd now owns 8,527 shares of the company’s stock worth $113,000 after purchasing an additional 1,842 shares during the period. Charles Schwab Investment Management Inc. increased its position 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 buying an additional 2,277 shares during the last quarter. Epacria Capital Partners LLC raised its stake in Burford Capital by 20.9% in the third quarter. Epacria Capital Partners LLC now owns 23,291 shares of the company’s stock valued at $309,000 after buying an additional 4,019 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Burford Capital in the third quarter valued at approximately $57,000.

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.