Sage Investment Counsel LLC bought a new position in shares of Burford Capital Limited (NYSE:BUR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,000 shares of the company's stock, valued at approximately $408,000.
Other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC increased its position in shares of 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 purchasing an additional 42,699 shares during the period. State Street Corp grew its stake in Burford Capital by 24.6% during the third quarter. State Street Corp now owns 2,946,927 shares of the company's stock worth $39,076,000 after buying an additional 582,514 shares in the last quarter. Evergreen Wealth Management LLC bought a new position in Burford Capital in the 3rd quarter valued at about $1,434,000. Central Pacific Bank Trust Division raised its position in shares of Burford Capital by 27.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 25,350 shares of the company's stock valued at $323,000 after buying an additional 5,510 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Burford Capital by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 279,427 shares of the company's stock worth $3,705,000 after acquiring an additional 30,355 shares during the period.
Insider Buying and Selling
In other news, insider David Perla sold 3,000 shares of the company'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 sale, the insider now directly owns 82,489 shares of the company's stock, valued at approximately $1,205,164.29. This represents a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Aviva O. Will sold 7,500 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 value of $109,575.00. Following the sale, the president now 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 disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock valued at $1,468,305 in the last three months. Insiders own 0.19% of the company's stock.
Burford Capital Price Performance
Shares of NYSE BUR traded up $0.04 during trading hours on Wednesday, hitting $13.61. 1,384,994 shares of the stock were exchanged, compared to its average volume of 965,716. The company's fifty day simple moving average is $14.04 and its two-hundred day simple moving average is $13.62. The company has a market cap of $2.98 billion, a PE ratio of 11.73 and a beta of 0.59. 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 1-year low of $12.07 and a 1-year high of $16.77.
Burford Capital (NYSE:BUR - Get Free Report) last issued 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 the consensus estimate of $219.38 million. On average, sell-side analysts predict that Burford Capital Limited will post 1.28 EPS for the current year.
Burford Capital Cuts Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be issued a $0.0625 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital's payout ratio is 10.34%.
Burford Capital Profile
(
Free Report)
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.
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