Intech Investment Management LLC Grows Position in Burford Capital Limited (NYSE:BUR)

Intech Investment Management LLC lifted its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 265.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,935 shares of the company's stock after acquiring an additional 52,974 shares during the period. Intech Investment Management LLC's holdings in Burford Capital were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rhumbline Advisers increased its holdings in Burford Capital by 0.4% in the fourth quarter. Rhumbline Advisers now owns 296,650 shares of the company's stock worth $3,782,000 after purchasing an additional 1,249 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Burford Capital by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 482,061 shares of the company's stock valued at $6,146,000 after acquiring an additional 1,746 shares in the last quarter. Swiss National Bank lifted its position in shares of Burford Capital by 0.5% during the 4th quarter. Swiss National Bank now owns 387,690 shares of the company's stock valued at $5,028,000 after acquiring an additional 2,093 shares during the period. Epacria Capital Partners LLC boosted its stake in Burford Capital by 20.9% during the third quarter. Epacria Capital Partners LLC now owns 23,291 shares of the company's stock worth $309,000 after acquiring an additional 4,019 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in Burford Capital in the third quarter worth $57,000.

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Burford Capital Stock Up 0.3 %

BUR traded up $0.04 during midday trading on Thursday, hitting $13.75. The company had a trading volume of 713,757 shares, compared to its average volume of 964,960. The stock's 50 day moving average price is $14.29 and its 200 day moving average price is $13.66. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $16.77. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 11.85 and a beta of 0.44. 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 issued its earnings results on Monday, March 3rd. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.62). The firm had revenue of $65.69 million during the quarter, compared to the consensus estimate of $219.38 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. On average, research analysts anticipate that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Cuts Dividend

The company 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 payout ratio is 18.46%.

Insider Buying and Selling

In other Burford Capital news, President Aviva O. Will sold 7,500 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were 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 of the company's stock, valued at approximately $4,543,403.19. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Perla sold 3,000 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 transaction of $43,830.00. Following the transaction, the insider now owns 82,489 shares of the company's stock, valued at $1,205,164.29. This represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock worth $1,468,305 in the last ninety days. Corporate insiders own 0.19% of the company's stock.

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.