Blue Trust Inc. lifted its holdings in Burford Capital Limited (NYSE:BUR – Free Report) by 87.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,575 shares of the company’s stock after buying an additional 6,806 shares during the period. Blue Trust Inc.’s holdings in Burford Capital were worth $193,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BUR. Renaissance Technologies LLC bought a new position in Burford Capital during the second quarter valued at about $480,000. Sei Investments Co. acquired a new position in shares of Burford Capital during the 2nd quarter valued at about $372,000. The Manufacturers Life Insurance Company increased its holdings in shares of Burford Capital by 456.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,905 shares of the company’s stock valued at $1,196,000 after acquiring an additional 75,402 shares during the last quarter. Creative Planning raised its stake in shares of Burford Capital by 92.1% in the 3rd quarter. Creative Planning now owns 22,255 shares of the company’s stock valued at $295,000 after acquiring an additional 10,667 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in Burford Capital in the 3rd quarter worth approximately $334,000.
Insider Transactions at Burford Capital
In other Burford Capital news, insider David Perla sold 3,000 shares of the firm’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 $43,830.00. Following the sale, the insider now directly owns 82,489 shares in the company, valued at $1,205,164.29. This trade represents a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Aviva O. Will sold 7,500 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $109,575.00. Following the transaction, the president now owns 310,979 shares in the company, valued at approximately $4,543,403.19. The trade was a 2.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,500 shares of company stock worth $1,468,305. Company insiders own 0.19% of the company’s stock.
Burford Capital Stock Up 1.8 %
Burford Capital (NYSE:BUR – Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.31. The business had revenue of $249.11 million during 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 period in the prior year, the firm earned $1.22 EPS. Equities analysts expect that Burford Capital Limited will post 1.25 earnings per share for the current 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.
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