Burford Capital Limited (NYSE:BUR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Burford Capital Limited (NYSE:BUR - Free Report) by 96.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 549,355 shares of the company's stock after buying an additional 269,928 shares during the quarter. JPMorgan Chase & Co. owned about 0.25% of Burford Capital worth $7,004,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Emeth Value Capital LLC acquired a new stake in shares of Burford Capital in the 4th quarter valued at approximately $17,980,000. Proficio Capital Partners LLC grew its stake in shares of 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 purchasing an additional 815,812 shares during the period. State Street Corp increased its holdings in shares of Burford Capital by 24.6% in 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. Rovida Investment Management Ltd purchased a new position in Burford Capital in the fourth quarter valued at about $7,449,000. Finally, Claar Advisors LLC boosted its stake in shares of Burford Capital by 22.7% during the 3rd quarter. Claar Advisors LLC now owns 595,446 shares of the company's stock worth $7,896,000 after acquiring an additional 110,000 shares in the last quarter.

Insider Transactions at Burford Capital

In related news, insider David Perla sold 3,000 shares of the 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 transaction, 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 filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the president now directly owns 310,979 shares in the company, valued at approximately $4,543,403.19. The trade was 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 over the last ninety days. 8.90% of the stock is currently owned by corporate insiders.

Burford Capital Price Performance

NYSE BUR traded up $0.46 during mid-day trading on Tuesday, hitting $14.07. The stock had a trading volume of 601,768 shares, compared to its average volume of 973,018. The company has a 50 day simple moving average of $13.81 and a 200 day simple moving average of $13.63. 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 company has a market cap of $3.09 billion, a price-to-earnings ratio of 12.13 and a beta of 0.73. Burford Capital Limited has a 52-week low of $11.17 and a 52-week high of $16.37.

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 (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.62). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The business had revenue of $65.69 million during the quarter, compared to analysts' expectations of $219.38 million. Equities analysts forecast that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

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

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.