Burford Capital (NYSE:BUR) Issues Quarterly Earnings Results, Misses Expectations By $0.62 EPS

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

Burford Capital Price Performance

BUR opened at $14.29 on Tuesday. Burford Capital has a 1 year low of $12.07 and a 1 year high of $16.77. The stock has a fifty day moving average price of $14.01 and a 200 day moving average price of $13.61. 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 stock has a market cap of $3.13 billion, a price-to-earnings ratio of 12.32 and a beta of 0.59.

Insider Buying and Selling at Burford Capital

In related news, President Aviva O. Will sold 7,500 shares of Burford Capital 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 sale, the president now directly owns 310,979 shares of the company’s stock, valued at $4,543,403.19. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher P. Bogart sold 90,000 shares of Burford Capital 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 $1,314,900.00. Following the sale, the chief executive officer now directly owns 452,185 shares in the company, valued at $6,606,422.85. The trade was a 16.60 % 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 three months. 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.