Cibc World Markets Corp acquired a new position in shares of Burford Capital Limited (NYSE:BUR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,752 shares of the company's stock, valued at approximately $239,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in shares of Burford Capital in the 3rd quarter worth about $265,000. Charles Schwab Investment Management Inc. lifted its position in Burford Capital by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company's stock worth $6,369,000 after buying an additional 2,277 shares during the last quarter. FMR LLC boosted its stake in 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 in the last quarter. MetLife Investment Management LLC grew its position in Burford Capital by 129.1% during the third quarter. MetLife Investment Management LLC now owns 116,066 shares of the company's stock valued at $1,539,000 after acquiring an additional 65,398 shares during the last quarter. Finally, BBR Partners LLC bought a new stake in shares of Burford Capital in the 3rd quarter worth approximately $133,000.
Burford Capital Trading Down 1.9 %
Shares of Burford Capital stock traded down $0.26 during trading on Friday, reaching $13.48. The company's stock had a trading volume of 1,137,372 shares, compared to its average volume of 983,320. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 11.62 and a beta of 0.44. The firm's 50-day moving average is $14.32 and its two-hundred day moving average is $13.67. Burford Capital Limited has a 52-week low of $12.07 and a 52-week high of $16.77. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54.
Burford Capital (NYSE:BUR - Get Free Report) last announced 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). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The company 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 year.
Burford Capital Cuts Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be given a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital's payout ratio is currently 18.46%.
Insider Buying and Selling at Burford Capital
In other news, insider David Perla sold 3,000 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $43,830.00. Following the completion of the sale, the insider now directly owns 82,489 shares in the company, valued at approximately $1,205,164.29. This represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher P. Bogart sold 90,000 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $1,314,900.00. Following the transaction, the chief executive officer now owns 452,185 shares in the company, valued at approximately $6,606,422.85. This represents a 16.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,500 shares of company stock worth $1,468,305. 0.19% of the stock is currently 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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