461,000 Shares in Burford Capital Limited (NYSE:BUR) Purchased by Rangeley Capital LLC

Rangeley Capital LLC bought a new stake in Burford Capital Limited (NYSE:BUR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 461,000 shares of the company's stock, valued at approximately $5,878,000. Burford Capital accounts for 5.3% of Rangeley Capital LLC's investment portfolio, making the stock its 4th largest holding. Rangeley Capital LLC owned about 0.21% of Burford Capital as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BUR. Intech Investment Management LLC purchased a new stake in shares of Burford Capital in the third quarter valued at approximately $265,000. Charles Schwab Investment Management Inc. lifted its holdings in 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 purchasing an additional 2,277 shares in the last quarter. FMR LLC grew its position in shares of Burford Capital by 2,032.2% in the third quarter. FMR LLC now owns 23,284 shares of the company's stock valued at $308,000 after purchasing an additional 22,192 shares during the period. MetLife Investment Management LLC raised its position in shares of Burford Capital by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 116,066 shares of the company's stock worth $1,539,000 after purchasing an additional 65,398 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Burford Capital during the 3rd quarter worth about $375,000.

Insider Activity

In other Burford Capital news, CEO Christopher P. Bogart sold 90,000 shares of the company's stock in a transaction on 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Perla sold 3,000 shares of the business'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 $43,830.00. Following the completion of the sale, the insider now owns 82,489 shares in the company, valued at $1,205,164.29. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,500 shares of company stock valued at $1,468,305. 0.19% of the stock is currently owned by company insiders.

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Burford Capital Price Performance

NYSE:BUR traded up $0.52 during trading hours on Tuesday, hitting $12.21. 439,440 shares of the stock were exchanged, compared to its average volume of 996,651. The company has a market cap of $2.68 billion, a P/E ratio of 10.54 and a beta of 0.73. The firm's fifty day moving average price is $14.18 and its 200 day moving average price is $13.65. Burford Capital Limited has a 52-week low of $11.17 and a 52-week high of $16.77. The company has a current ratio of 15.75, a quick 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 business had revenue of $65.69 million during the quarter, compared to analyst estimates of $219.38 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. As a group, equities research analysts anticipate 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. Stockholders of record on Friday, May 23rd will be paid 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 (DPR) is 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.