Trexquant Investment LP bought a new position in shares of Burford Capital Limited (NYSE:BUR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 43,557 shares of the company's stock, valued at approximately $555,000.
A number of other hedge funds also recently modified their holdings of the stock. Emeth Value Capital LLC acquired a new stake in Burford Capital during the fourth quarter worth about $17,980,000. Proficio Capital Partners LLC lifted its holdings in shares of Burford Capital by 553.8% during the 4th quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company's stock worth $12,280,000 after acquiring an additional 815,812 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Burford Capital by 22.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company's stock worth $47,529,000 after acquiring an additional 691,269 shares in the last quarter. State Street Corp increased its stake in Burford Capital by 24.6% in the third quarter. State Street Corp now owns 2,946,927 shares of the company's stock valued at $39,076,000 after acquiring an additional 582,514 shares during the last quarter. Finally, Rovida Investment Management Ltd acquired a new position in Burford Capital during the fourth quarter valued at approximately $7,449,000.
Burford Capital Price Performance
Shares of BUR stock traded up $0.38 during trading hours on Tuesday, reaching $13.57. The company's stock had a trading volume of 1,839,804 shares, compared to its average volume of 984,134. Burford Capital Limited has a fifty-two week low of $11.17 and a fifty-two week high of $16.37. The firm's 50 day simple moving average is $13.92 and its 200-day simple moving average is $13.61. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 11.69 and a beta of 0.73.
Burford Capital (NYSE:BUR - Get Free Report) last released its quarterly earnings data 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 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%. Sell-side analysts forecast that Burford Capital Limited will post 1.28 earnings per share 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 given a dividend of $0.0625 per share. This represents a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital's dividend payout ratio is 18.46%.
Insider Activity at Burford Capital
In related news, insider David Perla sold 3,000 shares of the firm's 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 $43,830.00. Following the completion of the transaction, the insider now owns 82,489 shares in the company, valued at $1,205,164.29. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher P. Bogart sold 90,000 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $1,314,900.00. Following the completion of the transaction, the chief executive officer now owns 452,185 shares of the company's stock, valued at approximately $6,606,422.85. This trade represents a 16.60 % 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 quarter. Insiders own 0.19% of the company's stock.
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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