Burford Capital Limited (NYSE:BUR) Stock Holdings Raised by Antara Capital LP

Antara Capital LP raised its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 683.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 391,800 shares of the company's stock after purchasing an additional 341,800 shares during the quarter. Burford Capital makes up about 7.8% of Antara Capital LP's portfolio, making the stock its 7th biggest holding. Antara Capital LP owned 0.18% of Burford Capital worth $4,995,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in shares of Burford Capital by 820.4% during the 4th quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock worth $81,000 after acquiring an additional 5,628 shares during the period. HM Payson & Co. acquired a new stake in shares of Burford Capital during the 4th quarter worth about $119,000. Mariner LLC bought a new stake in shares of Burford Capital during the 4th quarter worth about $142,000. Steward Partners Investment Advisory LLC grew its stake in Burford Capital by 54.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company's stock valued at $169,000 after buying an additional 4,670 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in Burford Capital in the 4th quarter valued at about $171,000.

Insider Buying and Selling at Burford Capital

In other news, insider David Perla sold 3,000 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $43,830.00. Following the completion of the sale, the insider now owns 82,489 shares in the company, valued at $1,205,164.29. This represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher P. Bogart sold 90,000 shares of Burford Capital 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 $1,314,900.00. Following the transaction, the chief executive officer now directly owns 452,185 shares in the company, valued at approximately $6,606,422.85. This represents a 16.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,500 shares of company stock valued at $1,468,305. Corporate insiders own 8.90% of the company's stock.

Burford Capital Stock Performance

BUR traded down $0.12 during trading on Friday, hitting $13.69. The stock had a trading volume of 615,159 shares, compared to its average volume of 973,558. Burford Capital Limited has a one year low of $11.17 and a one year high of $16.37. 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 firm has a market cap of $3.00 billion, a price-to-earnings ratio of 11.80 and a beta of 0.73. The company has a 50 day moving average price of $13.72 and a 200-day moving average price of $13.65.

Burford Capital (NYSE:BUR - Get Free Report) last announced its earnings results 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). 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 analyst estimates of $219.38 million. As a group, research analysts predict that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued 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 payout ratio is currently 18.46%.

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.