Clear Harbor Asset Management LLC Sells 47,029 Shares of Burford Capital Limited (NYSE:BUR)

Clear Harbor Asset Management LLC trimmed its holdings in shares of Burford Capital Limited (NYSE:BUR) by 57.5% during the 4th quarter, Holdings Channel reports. The fund owned 34,725 shares of the company’s stock after selling 47,029 shares during the period. Clear Harbor Asset Management LLC’s holdings in Burford Capital were worth $443,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BUR. Bank of Montreal Can increased its holdings in Burford Capital by 367.7% during the second quarter. Bank of Montreal Can now owns 5,753,031 shares of the company’s stock valued at $75,077,000 after buying an additional 4,523,087 shares during the period. State Street Corp increased its holdings in shares of Burford Capital by 24.6% in the 3rd quarter. State Street Corp now owns 2,946,927 shares of the company’s stock valued at $39,076,000 after acquiring an additional 582,514 shares during the period. Marshall Wace LLP increased its holdings in shares of Burford Capital by 57.5% in the 2nd quarter. Marshall Wace LLP now owns 1,050,754 shares of the company’s stock valued at $13,712,000 after acquiring an additional 383,577 shares during the period. Claar Advisors LLC raised its position in shares of Burford Capital by 22.7% in the 3rd quarter. Claar Advisors LLC now owns 595,446 shares of the company’s stock worth $7,896,000 after acquiring an additional 110,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Burford Capital by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company’s stock worth $6,369,000 after purchasing an additional 2,277 shares during the last quarter.

Burford Capital Price Performance

Shares of BUR stock opened at $13.93 on Wednesday. The company has a market cap of $3.05 billion, a P/E ratio of 12.00 and a beta of 0.56. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. The stock’s 50-day moving average is $13.19 and its 200 day moving average is $13.31. Burford Capital Limited has a 1-year low of $12.07 and a 1-year high of $16.77.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.31. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The firm had revenue of $249.11 million for the quarter, compared to the consensus estimate of $137.00 million. During the same quarter in the previous year, the firm earned $1.22 EPS. Research analysts predict that Burford Capital Limited will post 1.25 earnings per share for the current fiscal year.

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.