Insider Selling: Burford Capital Limited (NYSE:BUR) President Sells 7,500 Shares of Stock

Burford Capital Limited (NYSE:BUR) President Aviva O. Will sold 7,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $109,575.00. Following the completion of the transaction, the president now owns 310,979 shares of the company’s stock, valued at $4,543,403.19. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Burford Capital Trading Down 0.3 %

BUR traded down $0.05 during midday trading on Thursday, hitting $14.31. The company’s stock had a trading volume of 882,459 shares, compared to its average volume of 875,398. The firm has a market cap of $3.13 billion, a P/E ratio of 12.34 and a beta of 0.56. Burford Capital Limited has a 52-week low of $12.07 and a 52-week 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 firm has a 50-day moving average price of $13.31 and a two-hundred day moving average price of $13.36.

Burford Capital (NYSE:BUR) last posted its quarterly 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 company had revenue of $249.11 million for the quarter, compared to the consensus estimate of $137.00 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. During the same quarter last year, the firm posted $1.22 earnings per share. On average, research analysts anticipate that Burford Capital Limited will post 1.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BUR. HighTower Advisors LLC lifted 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 lifted its position in Burford Capital by 24.6% during 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 acquired a new stake in shares of Burford Capital in the third quarter worth $1,434,000. Central Pacific Bank Trust Division raised its position in Burford Capital by 27.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,350 shares of the company’s stock valued at $323,000 after purchasing an additional 5,510 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Burford Capital by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 279,427 shares of the company’s stock valued at $3,705,000 after buying an additional 30,355 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.