Burford Capital Limited (NYSE:BUR) Insider Sells $43,830.00 in 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 stock was sold at an average price of $14.61, for a total transaction of $43,830.00. Following the sale, the insider now owns 82,489 shares of the company’s stock, valued at $1,205,164.29. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Burford Capital Price Performance

Shares of NYSE BUR opened at $14.05 on Friday. The business’s 50 day moving average is $13.32 and its 200-day moving average is $13.37. The firm has a market cap of $3.08 billion, a P/E ratio of 12.11 and a beta of 0.56. Burford Capital Limited has a 1-year low of $12.07 and a 1-year 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.

Burford Capital (NYSE:BUR) last posted 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 company had revenue of $249.11 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $1.22 earnings per share. Equities research analysts predict that Burford Capital Limited will post 1.25 earnings per share for the current year.

Institutional Trading of Burford Capital

A number of institutional investors have recently bought and sold shares of BUR. Sunbelt Securities Inc. acquired a new stake in shares of Burford Capital in the third quarter valued at approximately $57,000. Amalgamated Bank bought a new position in Burford Capital during the 2nd quarter worth $90,000. Blue Trust Inc. raised its holdings in Burford Capital by 503.2% in the 3rd quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock valued at $101,000 after acquiring an additional 6,481 shares in the last quarter. Covestor Ltd lifted its position 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 acquiring an additional 1,842 shares during the period. Finally, BBR Partners LLC acquired a new stake in shares of Burford Capital during the 3rd quarter worth $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.