First Hawaiian Bank Takes Position in Burford Capital Limited (NYSE:BUR)

First Hawaiian Bank acquired a new stake in shares of Burford Capital Limited (NYSE:BUR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,545 shares of the company’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sona Asset Management US LLC acquired a new stake in shares of Burford Capital during the 1st quarter valued at $3,194,000. Paloma Partners Management Co acquired a new stake in Burford Capital during the first quarter valued at $192,000. M&G Plc purchased a new position in Burford Capital in the first quarter valued at about $18,108,000. Steamboat Capital Partners LLC increased its holdings in Burford Capital by 1.7% in the first quarter. Steamboat Capital Partners LLC now owns 43,663 shares of the company’s stock worth $697,000 after buying an additional 727 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of Burford Capital by 5.2% during the 1st quarter. Quantbot Technologies LP now owns 42,576 shares of the company’s stock valued at $680,000 after purchasing an additional 2,120 shares in the last quarter.

Burford Capital Stock Performance

Shares of BUR stock traded up $0.10 during trading hours on Tuesday, reaching $12.54. 281,472 shares of the company’s stock were exchanged, compared to its average volume of 1,150,476. Burford Capital Limited has a fifty-two week low of $12.07 and a fifty-two week high of $17.70. The stock has a market capitalization of $2.75 billion, a P/E ratio of 8.77 and a beta of 0.54. The business has a fifty day moving average price of $13.56 and a 200-day moving average price of $14.51. The company has a quick ratio of 14.17, a current ratio of 14.17 and a debt-to-equity ratio of 0.58.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.59). Burford Capital had a net margin of 42.81% and a return on equity of 10.61%. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $206.00 million. Analysts predict that Burford Capital Limited will post 1.47 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a $22.50 target price on shares of Burford Capital in a research note on Tuesday, July 2nd.

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.