Virtu Financial LLC Buys New Holdings in Burford Capital Limited (NYSE:BUR)

Virtu Financial LLC bought a new stake in Burford Capital Limited (NYSE:BUR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 37,343 shares of the company’s stock, valued at approximately $583,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BUR. Mithaq Capital SPC acquired a new position in Burford Capital in the fourth quarter valued at $355,631,000. Teacher Retirement System of Texas lifted its stake in shares of Burford Capital by 9.2% during the fourth quarter. Teacher Retirement System of Texas now owns 6,700,000 shares of the company’s stock worth $104,520,000 after purchasing an additional 565,000 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Burford Capital by 304.2% during the third quarter. Acadian Asset Management LLC now owns 384,570 shares of the company’s stock worth $5,371,000 after purchasing an additional 289,416 shares in the last quarter. Greenhaven Road Investment Management L.P. lifted its stake in shares of Burford Capital by 19.9% during the third quarter. Greenhaven Road Investment Management L.P. now owns 1,582,622 shares of the company’s stock worth $22,157,000 after purchasing an additional 262,235 shares in the last quarter. Finally, Claar Advisors LLC acquired a new position in shares of Burford Capital during the third quarter worth about $3,632,000.

Burford Capital Trading Up 0.7 %

Shares of BUR opened at $13.72 on Tuesday. The stock’s 50-day moving average is $14.79 and its two-hundred day moving average is $14.74. Burford Capital Limited has a 12 month low of $11.78 and a 12 month high of $17.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 14.17 and a current ratio of 14.17.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.59). The company had revenue of $44.30 million for the quarter, compared to analyst estimates of $206.00 million. Burford Capital had a return on equity of 10.61% and a net margin of 42.81%. On average, research analysts anticipate that Burford Capital Limited will post 1.47 earnings per share for the current fiscal year.

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.