Proficio Capital Partners LLC cut its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 48.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,539 shares of the company's stock after selling 71,771 shares during the quarter. Proficio Capital Partners LLC's holdings in Burford Capital were worth $963,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in BUR. Intech Investment Management LLC bought a new stake in shares of Burford Capital in the third quarter worth approximately $265,000. Charles Schwab Investment Management Inc. grew its stake in shares of Burford Capital by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company's stock worth $6,369,000 after acquiring an additional 2,277 shares during the period. FMR LLC boosted its holdings in shares of Burford Capital by 2,032.2% in the third quarter. FMR LLC now owns 23,284 shares of the company's stock worth $308,000 after buying an additional 22,192 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Burford Capital by 129.1% in the third quarter. MetLife Investment Management LLC now owns 116,066 shares of the company's stock worth $1,539,000 after buying an additional 65,398 shares during the last quarter. Finally, BBR Partners LLC purchased a new position in shares of Burford Capital in the third quarter worth approximately $133,000.
Burford Capital Stock Performance
Shares of BUR traded up $0.15 on Monday, reaching $13.98. The company's stock had a trading volume of 223,248 shares, compared to its average volume of 962,936. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. The stock has a market capitalization of $3.07 billion, a P/E ratio of 12.05 and a beta of 0.44. The stock's 50 day simple moving average is $14.22 and its two-hundred day simple moving average is $13.64. Burford Capital Limited has a 12-month low of $12.07 and a 12-month high of $16.77.
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 (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 analysts' expectations of $219.38 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. Research analysts forecast that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.
Burford Capital Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Investors 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%.
Insider Buying and Selling
In other Burford Capital news, insider David Perla sold 3,000 shares of Burford Capital stock in a transaction that occurred on Tuesday, January 28th. The shares were 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 $1,205,164.29. The trade was a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Aviva O. Will sold 7,500 shares of Burford Capital stock in a transaction that occurred 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 transaction, the president now directly owns 310,979 shares in the company, 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 quarter, insiders have sold 100,500 shares of company stock valued at $1,468,305. 0.19% of the stock is owned by insiders.
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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