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

Burford Capital Limited (NYSE:BUR) CEO Christopher P. Bogart sold 90,000 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $1,314,900.00. Following the completion of the transaction, the chief executive officer now owns 452,185 shares of the company’s stock, valued at $6,606,422.85. This represents a 16.60 % 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 %

NYSE BUR traded down $0.05 during trading hours 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. The firm has a fifty day simple moving average of $13.31 and a 200-day simple moving average of $13.36. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $16.77. The stock has a market cap of $3.13 billion, a P/E ratio of 12.34 and a beta of 0.56.

Burford Capital (NYSE:BUR) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $137.00 million. During the same quarter last year, the firm earned $1.22 earnings per share. Equities analysts forecast that Burford Capital Limited will post 1.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new stake in shares of Burford Capital in the third quarter valued at about $57,000. Amalgamated Bank bought a new stake in Burford Capital in the second quarter valued at approximately $90,000. Blue Trust Inc. increased its position in Burford Capital by 503.2% during the 3rd quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock valued at $101,000 after purchasing an additional 6,481 shares during the period. Covestor Ltd raised its holdings in Burford Capital by 27.6% during the 3rd 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 last quarter. Finally, BBR Partners LLC acquired a new position in shares of Burford Capital in the 3rd quarter worth approximately $133,000.

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.