Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,727,735 shares of the company's stock after acquiring an additional 691,269 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 1.70% of Burford Capital worth $47,529,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of BUR. Rhumbline Advisers lifted its stake in shares of Burford Capital by 0.4% in the 4th quarter. Rhumbline Advisers now owns 296,650 shares of the company's stock valued at $3,782,000 after purchasing an additional 1,249 shares during the period. Xponance Inc. lifted its stake in Burford Capital by 9.7% in the fourth quarter. Xponance Inc. now owns 14,381 shares of the company's stock valued at $183,000 after buying an additional 1,272 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Burford Capital by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 482,061 shares of the company's stock valued at $6,146,000 after buying an additional 1,746 shares during the period. Swiss National Bank boosted its holdings in Burford Capital by 0.5% during the fourth quarter. Swiss National Bank now owns 387,690 shares of the company's stock worth $5,028,000 after buying an additional 2,093 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of Burford Capital by 3.1% during the 4th quarter. LPL Financial LLC now owns 76,358 shares of the company's stock worth $974,000 after buying an additional 2,307 shares during the period.
Burford Capital Trading Down 5.2 %
Shares of NYSE:BUR traded down $0.71 during mid-day trading on Thursday, reaching $12.92. The stock had a trading volume of 939,589 shares, compared to its average volume of 933,784. The firm has a 50 day simple moving average of $14.31 and a two-hundred day simple moving average of $13.68. Burford Capital Limited has a twelve month low of $12.07 and a twelve month high of $16.77. The firm has a market cap of $2.83 billion, a PE ratio of 11.14 and a beta of 0.44. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54.
Burford Capital (NYSE:BUR - Get Free Report) last issued its 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 firm had revenue of $65.69 million during the quarter, compared to the consensus estimate of $219.38 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. On average, research analysts predict that Burford Capital Limited will post 1.28 EPS for the current fiscal 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 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 dividend payout ratio is presently 18.46%.
Insiders Place Their Bets
In other news, CEO Christopher P. Bogart sold 90,000 shares of the company'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 value of $1,314,900.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Aviva O. Will sold 7,500 shares of the stock in a transaction on Tuesday, January 28th. The stock was 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 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. Over the last ninety days, insiders have sold 100,500 shares of company stock worth $1,468,305. Corporate insiders own 0.19% of the company's stock.
About Burford Capital
(
Free Report)
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.
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