Rovida Investment Management Ltd Invests $7.45 Million in Burford Capital Limited (NYSE:BUR)

Rovida Investment Management Ltd acquired a new stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 575,000 shares of the company's stock, valued at approximately $7,449,000. Burford Capital comprises about 2.3% of Rovida Investment Management Ltd's investment portfolio, making the stock its 10th largest position. Rovida Investment Management Ltd owned 0.26% of Burford Capital at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. HighTower Advisors LLC grew its position in Burford Capital by 15.7% in the third quarter. HighTower Advisors LLC now owns 314,037 shares of the company's stock worth $4,154,000 after acquiring an additional 42,699 shares in the last quarter. State Street Corp lifted its stake 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 during the last quarter. Central Pacific Bank Trust Division boosted its holdings in Burford Capital by 27.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,350 shares of the company's stock worth $323,000 after purchasing an additional 5,510 shares in the last quarter. JPMorgan Chase & Co. increased its position in Burford Capital by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 279,427 shares of the company's stock worth $3,705,000 after buying an additional 30,355 shares during the last quarter. Finally, Emeth Value Capital LLC bought a new position in Burford Capital during the fourth quarter valued at about $17,980,000.

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Insider Buying and Selling at Burford Capital

In other Burford Capital news, President Aviva O. Will sold 7,500 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 $109,575.00. Following the sale, the president now directly owns 310,979 shares of the company's stock, valued at approximately $4,543,403.19. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 directly owns 82,489 shares in the company, valued at approximately $1,205,164.29. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,500 shares of company stock valued at $1,468,305 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Burford Capital Stock Down 1.9 %

Shares of BUR traded down $0.26 during trading hours on Friday, hitting $13.48. 1,137,372 shares of the company were exchanged, compared to its average volume of 983,320. The firm's 50 day moving average is $14.32 and its 200-day moving average is $13.67. 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 52 week low of $12.07 and a 52 week high of $16.77. The company has a market cap of $2.96 billion, a PE ratio of 11.62 and a beta of 0.44.

Burford Capital (NYSE:BUR - Get Free Report) last released its quarterly 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, equities research analysts forecast that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, June 13th. Investors 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 yield of 1.8%. Burford Capital's payout ratio is 18.46%.

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.