SG Americas Securities LLC Purchases 23,241 Shares of Burford Capital Limited (NYSE:BUR)

SG Americas Securities LLC raised its position in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 302.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,926 shares of the company's stock after purchasing an additional 23,241 shares during the quarter. SG Americas Securities LLC's holdings in Burford Capital were worth $394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new stake in Burford Capital during the third quarter valued at approximately $57,000. Blue Trust Inc. increased its stake in shares of Burford Capital by 503.2% in the 3rd quarter. Blue Trust Inc. now owns 7,769 shares of the company's stock worth $101,000 after purchasing an additional 6,481 shares in the last quarter. Covestor Ltd increased its stake in shares of Burford Capital by 27.6% in the 3rd quarter. Covestor Ltd now owns 8,527 shares of the company's stock worth $113,000 after purchasing an additional 1,842 shares in the last quarter. BBR Partners LLC bought a new position in Burford Capital in the 3rd quarter worth $133,000. Finally, Virtu Financial LLC lifted its position in Burford Capital by 30.6% during the third quarter. Virtu Financial LLC now owns 19,288 shares of the company's stock valued at $256,000 after purchasing an additional 4,524 shares in the last quarter.

Burford Capital Price Performance

Shares of BUR traded up $0.15 during trading hours on Wednesday, reaching $14.21. 816,866 shares of the stock traded hands, compared to its average volume of 867,655. The company has a market cap of $3.11 billion, a P/E ratio of 12.25 and a beta of 0.58. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The company's 50-day moving average price is $13.35 and its two-hundred day moving average price is $13.36. Burford Capital Limited has a 52-week low of $12.07 and a 52-week high of $16.77.

Burford Capital (NYSE:BUR - Get Free Report) last released its earnings results 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. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The firm had revenue of $249.11 million during the quarter, compared to analysts' expectations of $137.00 million. During the same quarter last year, the business posted $1.22 earnings per share. On average, analysts anticipate that Burford Capital Limited will post 1.25 earnings per share for the current year.

Insider Activity

In related news, CEO Christopher P. Bogart sold 90,000 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $1,314,900.00. Following the sale, the chief executive officer now owns 452,185 shares of the company's stock, valued at $6,606,422.85. This represents a 16.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Aviva O. Will sold 7,500 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $109,575.00. Following the sale, the president now owns 310,979 shares in the company, valued at $4,543,403.19. This represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock worth $1,468,305 over the last quarter. Insiders own 0.19% of the company's stock.

About Burford Capital

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.