Cushing Capital Partners LLC Takes $761,000 Position in Burford Capital Limited (NYSE:BUR)

Cushing Capital Partners LLC bought a new stake in Burford Capital Limited (NYSE:BUR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 59,710 shares of the company's stock, valued at approximately $761,000.

Several other large investors also recently bought and sold shares of BUR. Covestor Ltd grew its holdings in Burford Capital by 27.6% in the third quarter. Covestor Ltd now owns 8,527 shares of the company's stock valued at $113,000 after purchasing an additional 1,842 shares during the last quarter. Evergreen Wealth Management LLC acquired a new stake in shares of Burford Capital during the third quarter valued at $1,434,000. Intech Investment Management LLC acquired a new stake in shares of Burford Capital during the third quarter valued at $265,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Burford Capital by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company's stock valued at $6,369,000 after acquiring an additional 2,277 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Burford Capital by 2,032.2% during the third quarter. FMR LLC now owns 23,284 shares of the company's stock valued at $308,000 after acquiring an additional 22,192 shares during the last quarter.

Burford Capital Price Performance

Shares of BUR traded up $0.34 during trading hours on Friday, reaching $13.58. 675,710 shares of the company traded hands, compared to its average volume of 969,895. 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 has a market capitalization of $2.98 billion, a PE ratio of 11.70 and a beta of 0.44. Burford Capital Limited has a fifty-two week low of $12.07 and a fifty-two week high of $16.77. The stock has a fifty day simple moving average of $14.11 and a 200 day simple moving average of $13.62.

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Burford Capital (NYSE:BUR - Get Free Report) last released its 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). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The business had revenue of $65.69 million for the quarter, compared to analysts' expectations of $219.38 million. As a group, research analysts predict that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital's dividend payout ratio (DPR) is presently 18.46%.

Insider Buying and Selling

In other news, President Aviva O. Will sold 7,500 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 value 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 trade represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher P. Bogart sold 90,000 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 value of $1,314,900.00. Following the completion of the transaction, the chief executive officer now owns 452,185 shares in the company, valued at approximately $6,606,422.85. This trade represents a 16.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,500 shares of company stock worth $1,468,305. 0.19% of the stock is owned by company insiders.

Burford Capital 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.