Proficio Capital Partners LLC Has $963,000 Position in Burford Capital Limited (NYSE:BUR)

Proficio Capital Partners LLC trimmed its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 48.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,539 shares of the company's stock after selling 71,771 shares during the period. Proficio Capital Partners LLC's holdings in Burford Capital were worth $963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Emeth Value Capital LLC acquired a new position in shares of Burford Capital in the fourth quarter valued at $17,980,000. State Street Corp increased its holdings in 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. Claar Advisors LLC raised its stake in shares of Burford Capital by 22.7% in the 3rd quarter. Claar Advisors LLC now owns 595,446 shares of the company's stock valued at $7,896,000 after buying an additional 110,000 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Burford Capital by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 116,066 shares of the company's stock worth $1,539,000 after acquiring an additional 65,398 shares during the period. Finally, Michelson Medical Research Foundation Inc. boosted its position in shares of Burford Capital by 50.0% during the 3rd quarter. Michelson Medical Research Foundation Inc. now owns 180,000 shares of the company's stock valued at $2,387,000 after acquiring an additional 60,000 shares in the last quarter.

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Insider Buying and Selling

In related news, CEO Christopher P. Bogart sold 90,000 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $1,314,900.00. Following the completion of the sale, the chief executive officer now directly owns 452,185 shares of the company's stock, valued at $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 available at this hyperlink. Also, insider David Perla sold 3,000 shares of Burford Capital stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $43,830.00. Following the completion of the transaction, the insider now owns 82,489 shares of the company's stock, valued at approximately $1,205,164.29. The trade was a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,500 shares of company stock worth $1,468,305 in the last quarter. 0.19% of the stock is owned by corporate insiders.

Burford Capital Price Performance

NYSE:BUR traded up $0.11 during mid-day trading on Tuesday, hitting $14.03. The company's stock had a trading volume of 791,267 shares, compared to its average volume of 965,170. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 12.09 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 Limited has a fifty-two week low of $12.07 and a fifty-two week high of $16.77. The stock has a fifty day moving average of $14.25 and a 200-day moving average of $13.65.

Burford Capital (NYSE:BUR - Get Free Report) last posted 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). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The company had revenue of $65.69 million for the quarter, compared to the consensus estimate of $219.38 million. As a group, equities analysts forecast that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

The company 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 $0.0625 dividend. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital's payout ratio 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.