Breach Inlet Capital Management LLC Invests $12.15 Million in Burford Capital Limited (NYSE:BUR)

Breach Inlet Capital Management LLC purchased a new position in Burford Capital Limited (NYSE:BUR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 952,705 shares of the company's stock, valued at approximately $12,147,000. Burford Capital accounts for approximately 8.6% of Breach Inlet Capital Management LLC's investment portfolio, making the stock its 7th largest holding. Breach Inlet Capital Management LLC owned about 0.44% of Burford Capital at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in Burford Capital by 15.7% in the third quarter. HighTower Advisors LLC now owns 314,037 shares of the company's stock valued at $4,154,000 after acquiring an additional 42,699 shares during the period. Rangeley Capital LLC purchased a new stake in Burford Capital during the 4th quarter worth approximately $5,878,000. State Street Corp raised its stake in 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 purchasing an additional 582,514 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Burford Capital by 27.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,350 shares of the company's stock worth $323,000 after buying an additional 5,510 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Burford Capital by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 279,427 shares of the company's stock worth $3,705,000 after buying an additional 30,355 shares in the last quarter.

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Burford Capital Trading Down 4.8 %

Burford Capital stock traded down $0.62 during trading on Thursday, hitting $12.26. The company had a trading volume of 501,143 shares, compared to its average volume of 1,002,989. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 10.47 and a beta of 0.73. Burford Capital Limited has a 1-year low of $11.17 and a 1-year high of $16.77. 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 company's 50 day simple moving average is $14.02 and its 200-day simple moving average is $13.62.

Burford Capital (NYSE:BUR - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.62). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The business had revenue of $65.69 million for the quarter, compared to analysts' expectations of $219.38 million. As a group, analysts expect that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

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

Insiders Place Their Bets

In related news, CEO Christopher P. Bogart sold 90,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 452,185 shares in the company, valued at $6,606,422.85. This trade represents a 16.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Perla sold 3,000 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were 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 $1,205,164.29. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,500 shares of company stock worth $1,468,305. 0.19% of the stock is owned by insiders.

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.