Burford Capital (NYSE:BUR) Releases Earnings Results, Misses Estimates By $0.62 EPS

Burford Capital (NYSE:BUR) posted its earnings results on Monday. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.62), Zacks reports. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The firm had revenue of $65.69 million for the quarter, compared to the consensus estimate of $219.38 million.

Burford Capital Trading Down 8.4 %

Burford Capital stock opened at $14.29 on Tuesday. 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 has a 12 month low of $12.07 and a 12 month high of $16.77. The stock’s 50 day simple moving average is $14.01 and its two-hundred day simple moving average is $13.61. The firm has a market cap of $3.13 billion, a PE ratio of 12.32 and a beta of 0.59.

Insider Activity

In other Burford Capital news, insider David Perla sold 3,000 shares of Burford Capital 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 transaction, the insider now owns 82,489 shares of the company’s stock, valued at $1,205,164.29. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Aviva O. Will sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $109,575.00. Following the completion of the transaction, the president now directly 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. Insiders have sold 100,500 shares of company stock worth $1,468,305 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

Burford Capital Company 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.