Burford Capital Limited (NYSE:BUR) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 644,511 shares of the company's stock after selling 130,876 shares during the period. Marshall Wace LLP owned about 0.29% of Burford Capital worth $8,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Emeth Value Capital LLC acquired a new stake in Burford Capital in the fourth quarter valued at $17,980,000. Breach Inlet Capital Management LLC bought a new position in Burford Capital during the 4th quarter worth approximately $12,147,000. Proficio Capital Partners LLC grew its position in shares of Burford Capital by 553.8% in the 4th quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company's stock worth $12,280,000 after acquiring an additional 815,812 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of 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 worth $47,529,000 after acquiring an additional 691,269 shares in the last quarter. Finally, Rovida Investment Management Ltd bought a new stake in shares of Burford Capital in the 4th quarter valued at approximately $7,449,000.

Burford Capital Stock Performance

Shares of BUR opened at $14.07 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. Burford Capital Limited has a 12-month low of $11.17 and a 12-month high of $16.37. The business's fifty day moving average price is $13.81 and its 200 day moving average price is $13.63. The stock has a market capitalization of $3.09 billion, a PE ratio of 12.13 and a beta of 0.73.

Burford Capital (NYSE:BUR - Get Free Report) last posted its quarterly 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). The business had revenue of $65.69 million during the quarter, compared to the consensus estimate of $219.38 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. Equities research analysts forecast that Burford Capital Limited will post 1.28 EPS for the current 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 issued a dividend of $0.0625 per share. This represents a dividend yield of 1.8%. The ex-dividend date is Friday, May 23rd. Burford Capital's dividend payout ratio (DPR) is presently 18.46%.

Insider Transactions at Burford Capital

In other news, CEO Christopher P. Bogart sold 90,000 shares of the company'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 completion of the transaction, the chief executive officer now owns 452,185 shares in the company, valued at approximately $6,606,422.85. This represents a 16.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Aviva O. Will sold 7,500 shares of Burford Capital stock in a transaction dated 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 sale, the president now owns 310,979 shares in the company, valued at approximately $4,543,403.19. This represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,500 shares of company stock worth $1,468,305. 8.90% of the stock is currently owned by company 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.

Want to see what other hedge funds are holding BUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burford Capital Limited (NYSE:BUR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.