Steward Partners Investment Advisory LLC Acquires 4,670 Shares of Burford Capital Limited (NYSE:BUR)

Steward Partners Investment Advisory LLC lifted its stake in shares of Burford Capital Limited (NYSE:BUR) by 54.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,242 shares of the company’s stock after buying an additional 4,670 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Burford Capital were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in Burford Capital in the third quarter worth $57,000. BBR Partners LLC bought a new position in shares of Burford Capital during the 3rd quarter worth about $133,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Burford Capital in the 4th quarter valued at about $171,000. Blue Trust Inc. increased its position in Burford Capital by 87.6% in the 4th quarter. Blue Trust Inc. now owns 14,575 shares of the company’s stock valued at $193,000 after buying an additional 6,806 shares in the last quarter. Finally, Virtu Financial LLC raised its stake in Burford Capital by 30.6% during the 3rd quarter. Virtu Financial LLC now owns 19,288 shares of the company’s stock worth $256,000 after buying an additional 4,524 shares during the period.

Insider Buying and Selling

In other Burford Capital news, CEO Christopher P. Bogart sold 90,000 shares of Burford Capital stock in a transaction 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 transaction, the chief executive officer now directly owns 452,185 shares of the company’s stock, valued at $6,606,422.85. The trade was a 16.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Perla sold 3,000 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $43,830.00. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. Insiders have sold 100,500 shares of company stock worth $1,468,305 in the last quarter. Insiders own 0.19% of the company’s stock.

Burford Capital Stock Up 2.5 %

Shares of NYSE:BUR opened at $13.58 on Friday. 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 business’s 50 day simple moving average is $14.12 and its two-hundred day simple moving average is $13.62. The firm has a market cap of $2.98 billion, a P/E ratio of 11.70 and a beta of 0.44.

Burford Capital (NYSE:BUR) last issued its earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share (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 return on equity of 8.07% and a net margin of 34.81%. As a group, 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. Stockholders of record on Friday, May 23rd will be given a dividend of $0.0625 per share. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital’s payout ratio is presently 18.46%.

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.