Pilgrim Partners Asia Pte Ltd Purchases Shares of 125,000 Burford Capital Limited (NYSE:BUR)

Pilgrim Partners Asia Pte Ltd bought a new position in Burford Capital Limited (NYSE:BUR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 125,000 shares of the company's stock, valued at approximately $1,594,000. Burford Capital accounts for about 1.4% of Pilgrim Partners Asia Pte Ltd's portfolio, making the stock its 19th biggest position. Pilgrim Partners Asia Pte Ltd owned about 0.06% of Burford Capital at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its position in Burford Capital by 0.4% in the 4th quarter. Rhumbline Advisers now owns 296,650 shares of the company's stock valued at $3,782,000 after buying an additional 1,249 shares during the last quarter. Xponance Inc. boosted its position in shares of Burford Capital by 9.7% during the fourth quarter. Xponance Inc. now owns 14,381 shares of the company's stock worth $183,000 after buying an additional 1,272 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Burford Capital by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 482,061 shares of the company's stock worth $6,146,000 after purchasing an additional 1,746 shares in the last quarter. Swiss National Bank grew its holdings in shares of Burford Capital by 0.5% in the 4th quarter. Swiss National Bank now owns 387,690 shares of the company's stock valued at $5,028,000 after acquiring an additional 2,093 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Burford Capital by 3.1% in the fourth quarter. LPL Financial LLC now owns 76,358 shares of the company's stock valued at $974,000 after buying an additional 2,307 shares in the last quarter.

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Insider Transactions at Burford Capital

In other news, President Aviva O. Will sold 7,500 shares of Burford Capital stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $109,575.00. Following the completion of the sale, the president now directly owns 310,979 shares in the company, valued at approximately $4,543,403.19. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Perla sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $43,830.00. Following the transaction, the insider now owns 82,489 shares of the company's stock, valued at approximately $1,205,164.29. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock valued at $1,468,305 in the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Burford Capital Stock Performance

Shares of BUR stock traded down $0.85 during midday trading on Thursday, hitting $12.03. 444,557 shares of the company were exchanged, compared to its average volume of 1,002,791. The firm has a market capitalization of $2.64 billion, a P/E ratio of 10.29 and a beta of 0.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. Burford Capital Limited has a 52 week low of $11.17 and a 52 week high of $16.77. The firm's 50 day moving average price is $14.02 and its two-hundred day moving average price is $13.62.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.62). 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%. As a group, equities research analysts anticipate that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued a $0.0625 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital's dividend payout ratio (DPR) is presently 18.46%.

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.