Burford Capital (BUR) to Release Quarterly Earnings on Thursday

Burford Capital (NYSE:BUR - Get Free Report) is projected to release its earnings data before the market opens on Thursday, March 13th. Analysts expect Burford Capital to post earnings of $0.56 per share and revenue of $219.38 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Burford Capital (NYSE:BUR - Get Free Report) last posted 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 analysts' expectations of $219.38 million. On average, analysts expect Burford Capital to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Burford Capital Stock Performance

NYSE:BUR traded down $0.21 during midday trading on Friday, reaching $13.50. The stock had a trading volume of 1,021,665 shares, compared to its average volume of 966,701. The firm has a fifty day simple moving average of $14.07 and a two-hundred day simple moving average of $13.62. Burford Capital has a 12-month low of $12.07 and a 12-month high of $16.77. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.96 billion, a P/E ratio of 11.64 and a beta of 0.44.

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Burford Capital Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given 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 (DPR) is 18.46%.

Insider Activity at Burford Capital

In other Burford Capital news, President Aviva O. Will sold 7,500 shares of the business's stock in a transaction 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 sale, the president now directly owns 310,979 shares in the company, valued at approximately $4,543,403.19. The trade was a 2.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Perla sold 3,000 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction 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 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 three months. 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.