Burford Capital (NYSE:BUR) Hits New 1-Year Low - Here's Why

Burford Capital Limited (NYSE:BUR - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $11.87 and last traded at $11.61, with a volume of 403887 shares changing hands. The stock had previously closed at $12.76.

Burford Capital Price Performance

The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. The stock's 50 day moving average price is $14.07 and its two-hundred day moving average price is $13.63. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 11.12 and a beta of 0.73.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.62). The company had revenue of $65.69 million for the quarter, compared to analyst estimates 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 fiscal year.

Burford Capital Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given a dividend of $0.0625 per share. This represents a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital's dividend payout ratio is currently 18.46%.

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Insider Buying and Selling at Burford Capital

In other news, insider David Perla sold 3,000 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $43,830.00. Following the sale, the insider now directly owns 82,489 shares in the company, valued at $1,205,164.29. This trade represents a 3.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $109,575.00. Following the completion of the transaction, the president now owns 310,979 shares of the company's stock, valued at approximately $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 ninety days, insiders sold 100,500 shares of company stock valued at $1,468,305. 0.19% of the stock is owned by company insiders.

Institutional Trading of Burford Capital

Several institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new position in shares of Burford Capital during the 3rd quarter valued at approximately $57,000. Sterling Capital Management LLC raised its position in Burford Capital by 820.4% during the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock worth $81,000 after acquiring an additional 5,628 shares during the period. HM Payson & Co. purchased a new position in Burford Capital during the fourth quarter valued at $119,000. Quantinno Capital Management LP acquired a new stake in shares of Burford Capital in the fourth quarter valued at about $132,000. Finally, Mariner LLC purchased a new stake in shares of Burford Capital during the fourth quarter worth about $142,000.

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.