Burford Capital (NYSE:BUR) Issues Quarterly Earnings Results

Burford Capital (NYSE:BUR - Get Free Report) issued its earnings results on Monday. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.62), Zacks reports. The business had revenue of $65.69 million for 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%.

Burford Capital Trading Up 0.8 %

Shares of Burford Capital stock traded up $0.11 on Thursday, reaching $13.70. 1,068,198 shares of the company were exchanged, compared to its average volume of 966,124. Burford Capital has a fifty-two week low of $12.07 and a fifty-two week high of $16.77. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 11.81 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. The stock has a fifty day moving average price of $14.04 and a 200-day moving average price of $13.62.

Burford Capital Cuts Dividend

The business also recently announced 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 is Friday, May 23rd. 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 stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $1,314,900.00. Following the completion of the sale, the chief executive officer now owns 452,185 shares in the company, valued at $6,606,422.85. This represents a 16.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Aviva O. Will sold 7,500 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 value of $109,575.00. Following the completion of the sale, the president now directly owns 310,979 shares of the company's stock, valued at approximately $4,543,403.19. This trade represents a 2.35 % 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 company insiders.

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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.