Proficio Capital Partners LLC Increases Holdings in Burford Capital Limited (NYSE:BUR)

Proficio Capital Partners LLC lifted its position in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 553.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 963,122 shares of the company's stock after buying an additional 815,812 shares during the period. Proficio Capital Partners LLC owned about 0.44% of Burford Capital worth $12,280,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Rhumbline Advisers grew its position in Burford Capital by 0.4% during the 4th quarter. Rhumbline Advisers now owns 296,650 shares of the company's stock worth $3,782,000 after acquiring an additional 1,249 shares during the last quarter. Covestor Ltd grew its position in Burford Capital by 27.6% during the 3rd quarter. Covestor Ltd now owns 8,527 shares of the company's stock worth $113,000 after acquiring an additional 1,842 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Burford Capital by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company's stock worth $6,369,000 after acquiring an additional 2,277 shares during the last quarter. Epacria Capital Partners LLC grew its position in Burford Capital by 20.9% during the 3rd 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 during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in Burford Capital during the 3rd quarter worth approximately $57,000.

Burford Capital Trading Up 0.3 %

BUR traded up $0.04 on Wednesday, hitting $13.61. 1,384,994 shares of the company were exchanged, compared to its average volume of 965,769. The firm has a fifty day simple moving average of $14.04 and a two-hundred day simple moving average of $13.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. Burford Capital Limited has a 12 month low of $12.07 and a 12 month high of $16.77. The stock has a market capitalization of $2.98 billion, a PE ratio of 11.73 and a beta of 0.59.

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Burford Capital (NYSE:BUR - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.62). The business had revenue of $65.69 million during the quarter, compared to the consensus estimate of $219.38 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. Sell-side analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be given a $0.0625 dividend. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 1.8%. Burford Capital's dividend payout ratio is currently 10.34%.

Insider Transactions at Burford Capital

In related news, insider David Perla sold 3,000 shares of Burford Capital 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 $43,830.00. Following the sale, the insider now directly owns 82,489 shares in the company, valued at $1,205,164.29. The trade was a 3.51 % decrease in their ownership of the stock. 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 Burford Capital stock in a transaction that occurred on 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 sale, the chief executive officer now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 100,500 shares of company stock worth $1,468,305. 0.19% of the stock is currently owned by 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.