Amundi Cuts Holdings in Burford Capital Limited $BUR

Amundi decreased its stake in shares of Burford Capital Limited (NYSE:BUR) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,937 shares of the company’s stock after selling 1,684 shares during the quarter. Amundi’s holdings in Burford Capital were worth $3,062,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BUR. Contrarian Capital Management L.L.C. purchased a new stake in Burford Capital during the 1st quarter worth about $32,586,000. Cooke & Bieler LP purchased a new stake in Burford Capital during the 1st quarter worth about $24,761,000. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Burford Capital by 22.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company’s stock worth $47,529,000 after purchasing an additional 691,269 shares during the period. Orbis Allan Gray Ltd increased its holdings in Burford Capital by 10.3% during the 1st quarter. Orbis Allan Gray Ltd now owns 7,235,504 shares of the company’s stock worth $95,581,000 after purchasing an additional 677,271 shares during the period. Finally, Empyrean Capital Partners LP purchased a new stake in Burford Capital during the 1st quarter worth about $4,491,000.

Insider Transactions at Burford Capital

In related news, President Aviva O. Will sold 17,500 shares of the company’s stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $14.60, for a total value of $255,500.00. Following the completion of the sale, the president directly owned 293,479 shares of the company’s stock, valued at $4,284,793.40. This represents a 5.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher P. Bogart sold 210,000 shares of the company’s stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total value of $3,066,000.00. Following the completion of the sale, the chief executive officer directly owned 278,862 shares of the company’s stock, valued at approximately $4,071,385.20. This trade represents a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,500 shares of company stock valued at $6,489,700 in the last 90 days. Company insiders own 8.90% of the company’s stock.

Burford Capital Stock Up 4.2%

Shares of NYSE BUR opened at $13.00 on Friday. The stock has a market cap of $2.84 billion, a PE ratio of 12.04 and a beta of 0.66. The company has a quick ratio of 10.09, a current ratio of 10.09 and a debt-to-equity ratio of 0.55. Burford Capital Limited has a 52-week low of $10.70 and a 52-week high of $15.73. The business has a 50-day moving average price of $13.62 and a 200 day moving average price of $13.40.

Burford Capital (NYSE:BUR) last announced its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The firm had revenue of $191.29 million during the quarter, compared to analysts’ expectations of $159.02 million. Burford Capital had a return on equity of 7.48% and a net margin of 37.08%. Equities research analysts forecast that Burford Capital Limited will post 1.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Burford Capital from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Wedbush restated an “outperform” rating and set a $18.00 price target on shares of Burford Capital in a report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $18.00.

Burford Capital 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.