Farther Finance Advisors LLC Invests $197,000 in Burford Capital Limited (NYSE:BUR)

Farther Finance Advisors LLC bought a new position in Burford Capital Limited (NYSE:BUR) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 14,593 shares of the company’s stock, valued at approximately $197,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BUR. Sterling Capital Management LLC increased its position in Burford Capital by 820.4% in the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company’s stock worth $81,000 after buying an additional 5,628 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Burford Capital by 109.3% during the 4th quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company’s stock valued at $114,000 after acquiring an additional 4,700 shares during the period. HM Payson & Co. purchased a new stake in Burford Capital in the 4th quarter worth approximately $119,000. Quantinno Capital Management LP bought a new stake in Burford Capital during the 4th quarter worth approximately $132,000. Finally, Mariner LLC bought a new stake in Burford Capital during the 4th quarter worth approximately $142,000.

Analyst Ratings Changes

Separately, Wedbush upgraded shares of Burford Capital to an “outperform” rating and set a $18.00 price target for the company in a research report on Wednesday, June 11th.

Burford Capital Price Performance

NYSE:BUR opened at $11.05 on Friday. The stock has a market cap of $2.42 billion, a PE ratio of 11.88 and a beta of 0.59. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 0.56. The business’s 50-day simple moving average is $13.31 and its two-hundred day simple moving average is $13.54. Burford Capital Limited has a 52 week low of $10.70 and a 52 week high of $15.73.

Burford Capital (NYSE:BUR) last issued its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.16). Burford Capital had a net margin of 33.41% and a return on equity of 6.41%. The business had revenue of $118.86 million for the quarter, compared to the consensus estimate of $157.00 million. As a group, analysts forecast that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

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.