Invesco Ltd. Has $57.29 Million Stock Holdings in Burford Capital Limited (NYSE:BUR)

Invesco Ltd. lowered its holdings in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 39.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,492,952 shares of the company's stock after selling 2,987,650 shares during the period. Invesco Ltd. owned about 2.05% of Burford Capital worth $57,285,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BUR. Barrow Hanley Mewhinney & Strauss LLC grew its position in Burford Capital by 22.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company's stock worth $47,529,000 after acquiring an additional 691,269 shares during the last quarter. State Street Corp lifted its holdings in Burford Capital by 24.6% in the third 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. Vanguard Group Inc. boosted its position in shares of Burford Capital by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 1,429,089 shares of the company's stock worth $18,243,000 after purchasing an additional 63,346 shares during the last quarter. Emeth Value Capital LLC acquired a new position in shares of Burford Capital during the 4th quarter worth about $17,980,000. Finally, Proficio Capital Partners LLC increased its stake in Burford Capital by 553.8% in the fourth quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company's stock valued at $12,280,000 after purchasing an additional 815,812 shares in the last quarter.

Burford Capital Trading Up 0.1 %

BUR stock traded up $0.02 during midday trading on Friday, hitting $13.86. 620,114 shares of the company's stock were exchanged, compared to its average volume of 975,842. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. The stock's fifty day moving average price is $13.86 and its 200-day moving average price is $13.62. Burford Capital Limited has a one year low of $11.17 and a one year high of $16.37. The company has a market cap of $3.04 billion, a PE ratio of 11.95 and a beta of 0.73.

Burford Capital (NYSE:BUR - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) EPS 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 the consensus estimate of $219.38 million. Research analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 1.8%. Burford Capital's payout ratio is 18.46%.

Insider Activity at Burford Capital

In other news, CEO Christopher P. Bogart sold 90,000 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 value of $1,314,900.00. Following the sale, the chief executive officer now directly owns 452,185 shares in the company, valued at approximately $6,606,422.85. This trade represents a 16.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Perla sold 3,000 shares of the company's 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 $43,830.00. Following the transaction, the insider now owns 82,489 shares of the company's stock, valued at approximately $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 100,500 shares of company stock valued at $1,468,305 over the last three months. 0.19% of the stock is owned by insiders.

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.