Burford Capital Limited (NYSE:BUR) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,836,764 shares of the company's stock after selling 152,685 shares during the period. Bank of Montreal Can owned 1.30% of Burford Capital worth $36,169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BUR. Emeth Value Capital LLC acquired a new stake in shares of Burford Capital in the 4th quarter worth $17,980,000. Breach Inlet Capital Management LLC acquired a new stake in Burford Capital during the fourth quarter worth about $12,147,000. Proficio Capital Partners LLC raised its stake in Burford Capital by 553.8% during the fourth quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company's stock worth $12,280,000 after purchasing an additional 815,812 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Burford Capital by 22.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company's stock valued at $47,529,000 after purchasing an additional 691,269 shares during the last quarter. Finally, State Street Corp grew its stake in shares of 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 buying an additional 582,514 shares during the period.

Insider Transactions at Burford Capital

In other Burford Capital news, CEO Christopher P. Bogart sold 90,000 shares of the business'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 $1,314,900.00. Following the sale, the chief executive officer now directly owns 452,185 shares in the company, valued at $6,606,422.85. This 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 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 shares were sold at an average price of $14.61, for a total transaction of $109,575.00. Following the completion of the transaction, the president now directly owns 310,979 shares of the company's stock, valued at $4,543,403.19. This represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,500 shares of company stock worth $1,468,305. 0.19% of the stock is currently owned by insiders.

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Burford Capital Trading Up 2.7 %

Shares of BUR stock traded up $0.35 during trading on Tuesday, hitting $13.54. 1,484,865 shares of the stock traded hands, compared to its average volume of 995,848. The firm has a market capitalization of $2.97 billion, a P/E ratio of 11.68 and a beta of 0.73. Burford Capital Limited has a 52-week low of $11.17 and a 52-week 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's fifty day moving average price is $13.94 and its 200-day moving average price is $13.61.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate 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, research analysts forecast that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Cuts Dividend

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