Federated Hermes Inc. lowered its position in Burford Capital Limited (NYSE:BUR - Free Report) by 21.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 488,100 shares of the company's stock after selling 135,411 shares during the period. Federated Hermes Inc. owned 0.22% of Burford Capital worth $6,223,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. FMR LLC increased 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 valued at $308,000 after purchasing an additional 22,192 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Burford Capital during the third quarter worth $375,000. Claar Advisors LLC lifted its stake in shares of Burford Capital by 22.7% during the third quarter. Claar Advisors LLC now owns 595,446 shares of the company's stock valued at $7,896,000 after acquiring an additional 110,000 shares during the period. State Street Corp increased its position in Burford Capital by 24.6% in the third quarter. State Street Corp now owns 2,946,927 shares of the company's stock worth $39,076,000 after purchasing an additional 582,514 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in Burford Capital during the 3rd quarter worth about $57,000.
Insider Activity at Burford Capital
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 sale, the chief executive officer now owns 452,185 shares of the company's stock, valued at approximately $6,606,422.85. This trade represents a 16.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Aviva O. Will sold 7,500 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $109,575.00. Following the completion of the sale, the president now owns 310,979 shares of the company's stock, valued at $4,543,403.19. This trade represents a 2.35 % 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 worth $1,468,305 in the last ninety days. Company insiders own 0.19% of the company's stock.
Burford Capital Trading Up 2.8 %
Shares of NYSE BUR traded up $0.38 during mid-day trading on Tuesday, hitting $13.57. The company's stock had a trading volume of 1,839,804 shares, compared to its average volume of 996,961. 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 cap of $2.98 billion, a price-to-earnings ratio of 11.69 and a beta of 0.73. The company's fifty day simple moving average is $13.94 and its 200-day simple moving average is $13.61. Burford Capital Limited has a one year low of $11.17 and a one year high of $16.37.
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). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The business had revenue of $65.69 million for the quarter, compared to the consensus estimate of $219.38 million. On average, sell-side analysts anticipate that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.
Burford Capital Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 1.8%. Burford Capital's dividend payout ratio (DPR) is presently 18.46%.
Burford Capital Company Profile
(
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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