Vanguard Group Inc. Purchases 63,346 Shares of Burford Capital Limited (NYSE:BUR)

Vanguard Group Inc. boosted its position in shares of Burford Capital Limited (NYSE:BUR) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,429,089 shares of the company’s stock after acquiring an additional 63,346 shares during the quarter. Vanguard Group Inc.’s holdings in Burford Capital were worth $18,243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Burford Capital by 24.6% during the 3rd quarter. State Street Corp now owns 2,946,927 shares of the company’s stock worth $39,076,000 after purchasing an additional 582,514 shares during the period. Emeth Value Capital LLC purchased a new position in shares of Burford Capital during the fourth quarter valued at $17,980,000. Proficio Capital Partners LLC raised its holdings in shares of Burford Capital by 553.8% in the fourth quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company’s stock valued at $12,280,000 after acquiring an additional 815,812 shares in the last quarter. Claar Advisors LLC lifted its stake in Burford Capital by 22.7% in the third quarter. Claar Advisors LLC now owns 595,446 shares of the company’s stock worth $7,896,000 after acquiring an additional 110,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Burford Capital by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 482,061 shares of the company’s stock worth $6,146,000 after acquiring an additional 1,746 shares in the last quarter.

Burford Capital Trading Up 1.8 %

NYSE:BUR opened at $13.82 on Thursday. 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 firm has a 50-day simple moving average of $13.90 and a 200-day simple moving average of $13.61. Burford Capital Limited has a one year low of $11.17 and a one year high of $16.37. The firm has a market cap of $3.03 billion, a P/E ratio of 11.91 and a beta of 0.73.

Burford Capital (NYSE:BUR) last released its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) 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 firm had revenue of $65.69 million for the quarter, compared to analysts’ expectations of $219.38 million. Equities analysts anticipate that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given a $0.0625 dividend. This represents a dividend yield of 1.8%. The ex-dividend date is Friday, May 23rd. Burford Capital’s payout ratio is 18.46%.

Insider Transactions at Burford Capital

In other Burford Capital news, President Aviva O. Will sold 7,500 shares of the company’s stock in a transaction dated 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 approximately $4,543,403.19. This represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher P. Bogart sold 90,000 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $1,314,900.00. Following the completion of 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 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 three months. 0.19% of the stock is currently owned by insiders.

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.