Intech Investment Management LLC increased its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 265.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,935 shares of the company's stock after purchasing an additional 52,974 shares during the quarter. Intech Investment Management LLC's holdings in Burford Capital were worth $930,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Emeth Value Capital LLC bought a new stake in Burford Capital in the fourth quarter valued at approximately $17,980,000. Proficio Capital Partners LLC grew its holdings in Burford Capital by 553.8% during the 4th quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company's stock worth $12,280,000 after acquiring an additional 815,812 shares during the period. State Street Corp boosted its position in shares of Burford Capital by 24.6% during the 3rd quarter. State Street Corp now owns 2,946,927 shares of the company's stock valued at $39,076,000 after purchasing an additional 582,514 shares in the last quarter. Claar Advisors LLC increased its holdings in Burford Capital by 22.7% in the third quarter. Claar Advisors LLC now owns 595,446 shares of the company's stock worth $7,896,000 after purchasing an additional 110,000 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Burford Capital by 129.1% in the third quarter. MetLife Investment Management LLC now owns 116,066 shares of the company's stock valued at $1,539,000 after buying an additional 65,398 shares during the period.
Insider Transactions at Burford Capital
In other news, CEO Christopher P. Bogart sold 90,000 shares of the company'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 $1,314,900.00. Following the sale, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, President Aviva O. Will sold 7,500 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $109,575.00. Following the completion of the sale, the president now owns 310,979 shares in the company, valued at $4,543,403.19. This represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock worth $1,468,305 in the last quarter. Insiders own 0.19% of the company's stock.
Burford Capital Stock Down 2.2 %
Shares of BUR stock traded down $0.31 on Wednesday, reaching $13.70. 818,411 shares of the company were exchanged, compared to its average volume of 965,525. The company has a 50-day moving average of $14.29 and a 200-day moving average of $13.66. Burford Capital Limited has a one year low of $12.07 and a one year high of $16.77. 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 company has a market cap of $3.00 billion, a price-to-earnings ratio of 11.81 and a beta of 0.44.
Burford Capital (NYSE:BUR - Get Free Report) last posted 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 return on equity of 8.07% and a net margin of 34.81%. The firm had revenue of $65.69 million for the quarter, compared to analysts' expectations of $219.38 million. 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 announced a semi-annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.0625 per share. This represents a dividend 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%.
Burford Capital 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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