Grandeur Peak Global Advisors LLC Buys Shares of 174,855 Burford Capital Limited (NYSE:BUR)

Grandeur Peak Global Advisors LLC purchased a new position in Burford Capital Limited (NYSE:BUR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 174,855 shares of the company's stock, valued at approximately $2,229,000. Grandeur Peak Global Advisors LLC owned 0.08% of Burford Capital at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new stake in Burford Capital during the 3rd quarter valued at $57,000. Sterling Capital Management LLC grew its position in shares of Burford Capital by 820.4% in the 4th quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock worth $81,000 after buying an additional 5,628 shares during the last quarter. HM Payson & Co. bought a new position in shares of Burford Capital during the 4th quarter worth approximately $119,000. Steward Partners Investment Advisory LLC lifted its position in Burford Capital by 54.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company's stock valued at $169,000 after acquiring an additional 4,670 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in Burford Capital in the fourth quarter valued at approximately $171,000.

Burford Capital Stock Up 2.8 %

Burford Capital stock traded up $0.38 during midday trading on Tuesday, reaching $13.57. The company's stock had a trading volume of 1,839,804 shares, compared to its average volume of 984,134. Burford Capital Limited has a 52-week low of $11.17 and a 52-week high of $16.37. The stock has a market capitalization of $2.98 billion, a P/E ratio of 11.69 and a beta of 0.73. 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 simple moving average is $13.92 and its 200-day simple moving average is $13.61.

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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 for the quarter, missing analysts' consensus estimates of $0.56 by ($0.62). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The firm had revenue of $65.69 million during the quarter, compared to analyst estimates of $219.38 million. On average, sell-side analysts expect that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.0625 per share. 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%.

Insider Transactions at Burford Capital

In related news, insider David Perla sold 3,000 shares of Burford Capital stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $43,830.00. Following the sale, the insider now directly owns 82,489 shares in the company, valued at $1,205,164.29. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Aviva O. Will sold 7,500 shares of the firm'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 value of $109,575.00. Following the transaction, the president now owns 310,979 shares in the company, valued at $4,543,403.19. This represents a 2.35 % 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 worth $1,468,305 in the last ninety days. 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.