Teacher Retirement System of Texas Trims Holdings in Burford Capital Limited (NYSE:BUR)

Teacher Retirement System of Texas decreased its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,370,000 shares of the company's stock after selling 1,450,000 shares during the period. Teacher Retirement System of Texas owned about 2.91% of Burford Capital worth $81,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Emeth Value Capital LLC purchased a new stake in Burford Capital during the fourth quarter valued at approximately $17,980,000. Proficio Capital Partners LLC lifted its stake in shares of Burford Capital by 553.8% during the fourth quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company's stock worth $12,280,000 after buying an additional 815,812 shares during the period. State Street Corp increased its holdings in Burford Capital by 24.6% in the 3rd 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 during the period. Claar Advisors LLC raised its position in 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 buying an additional 110,000 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in 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 period.

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Burford Capital Stock Performance

BUR stock traded up $0.10 during trading on Monday, hitting $13.93. 822,930 shares of the company traded hands, compared to its average volume of 965,188. Burford Capital Limited has a 1 year low of $12.07 and a 1 year high of $16.77. The company has a market cap of $3.06 billion, a PE ratio of 12.01 and a beta of 0.44. The stock's 50-day simple moving average is $14.22 and its 200 day simple moving average is $13.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75.

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

Burford Capital Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, June 13th. Investors 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 is presently 18.46%.

Insiders Place Their Bets

In related news, insider David Perla sold 3,000 shares of Burford Capital stock in a transaction dated Tuesday, January 28th. The stock was 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 in the company, valued at approximately $1,205,164.29. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Aviva O. Will sold 7,500 shares of the firm'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 $109,575.00. Following the completion of the transaction, the president now owns 310,979 shares in the company, valued at $4,543,403.19. The trade was a 2.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,500 shares of company stock worth $1,468,305. 0.19% of the stock is owned by corporate 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.