Wells Fargo & Company MN Boosts Stake in Burford Capital Limited (NYSE:BUR)

Wells Fargo & Company MN lifted its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 27.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,874 shares of the company's stock after acquiring an additional 25,616 shares during the quarter. Wells Fargo & Company MN owned 0.05% of Burford Capital worth $1,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BUR. Emeth Value Capital LLC acquired a new stake in Burford Capital during the fourth quarter valued at $17,980,000. Proficio Capital Partners LLC boosted 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 purchasing an additional 815,812 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Burford Capital by 22.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company's stock valued at $47,529,000 after purchasing an additional 691,269 shares in the last quarter. Rovida Investment Management Ltd purchased a new stake in shares of Burford Capital in the fourth quarter valued at approximately $7,449,000. Finally, Rangeley Capital LLC purchased a new stake in shares of Burford Capital in the fourth quarter valued at approximately $5,878,000.

Burford Capital Trading Down 0.9 %

Shares of Burford Capital stock opened at $13.69 on Monday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 11.80 and a beta of 0.73. Burford Capital Limited has a fifty-two week low of $11.17 and a fifty-two week high of $16.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. The stock has a 50 day moving average of $13.72 and a 200 day moving average of $13.65.

Burford Capital (NYSE:BUR - Get Free Report) last issued 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 analysts' expectations of $219.38 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. As a group, research analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current 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 given a dividend of $0.0625 per share. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 1.8%. Burford Capital's dividend payout ratio is currently 18.46%.

Insider Transactions at Burford Capital

In other news, CEO Christopher P. Bogart sold 90,000 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 452,185 shares in the company, valued at $6,606,422.85. This trade represents a 16.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Aviva O. Will sold 7,500 shares of the 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 sale, the president now owns 310,979 shares in the company, 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 worth $1,468,305 over the last ninety days. Company insiders own 8.90% of the company's stock.

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.

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