Militia Capital Partners LP Invests $793,000 in Burford Capital Limited $BUR

Militia Capital Partners LP bought a new position in Burford Capital Limited (NYSE:BUR) during the 1st quarter, Holdings Channel reports. The firm bought 60,000 shares of the company’s stock, valued at approximately $793,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ridgewood Investments LLC acquired a new position in shares of Burford Capital in the 1st quarter worth approximately $26,000. Strs Ohio acquired a new position in Burford Capital during the 1st quarter worth $55,000. Sunbelt Securities Inc. lifted its holdings in Burford Capital by 109.3% during the 4th quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company’s stock worth $114,000 after buying an additional 4,700 shares in the last quarter. Ieq Capital LLC acquired a new position in Burford Capital during the 1st quarter worth $132,000. Finally, American Century Companies Inc. acquired a new position in Burford Capital during the 1st quarter worth $134,000.

Analyst Ratings Changes

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

Insider Buying and Selling at Burford Capital

In other Burford Capital news, insider David Perla sold 7,000 shares of the company’s stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total transaction of $102,200.00. Following the completion of the sale, the insider owned 80,172 shares in the company, valued at approximately $1,170,511.20. The trade was a 8.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CIO Jonathan Todd Molot sold 210,000 shares of the company’s stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total transaction of $3,066,000.00. Following the sale, the executive owned 3,406,625 shares of the company’s stock, valued at $49,736,725. The trade was a 5.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 444,500 shares of company stock worth $6,489,700. 8.90% of the stock is currently owned by insiders.

Burford Capital Stock Performance

Shares of Burford Capital stock opened at $13.00 on Friday. The firm has a fifty day moving average of $13.62 and a two-hundred day moving average of $13.40. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 12.04 and a beta of 0.66. Burford Capital Limited has a 52 week low of $10.70 and a 52 week high of $15.73. The company has a debt-to-equity ratio of 0.55, a quick ratio of 10.09 and a current ratio of 10.09.

Burford Capital (NYSE:BUR) last issued its earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. The company had revenue of $191.29 million during the quarter, compared to analysts’ expectations of $159.02 million. Burford Capital had a net margin of 37.08% and a return on equity of 7.48%. As a group, equities research analysts predict that Burford Capital Limited will post 1.28 EPS 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.