Zurcher Kantonalbank Zurich Cantonalbank Buys 5,764 Shares of Burford Capital Limited (NYSE:BUR)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Burford Capital Limited (NYSE:BUR) by 9.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 68,455 shares of the company’s stock after purchasing an additional 5,764 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Burford Capital were worth $887,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BUR. Sunbelt Securities Inc. purchased a new position in Burford Capital during the third quarter worth $57,000. HM Payson & Co. purchased a new position in shares of Burford Capital during the 4th quarter worth about $119,000. BBR Partners LLC purchased a new position in shares of Burford Capital during the 3rd quarter worth about $133,000. Steward Partners Investment Advisory LLC grew its holdings in Burford Capital by 54.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company’s stock valued at $169,000 after purchasing an additional 4,670 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Burford Capital in the 4th quarter worth about $171,000.

Insiders Place Their Bets

In other news, President Aviva O. Will sold 7,500 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $109,575.00. Following the transaction, the president now owns 310,979 shares of the company’s stock, valued at approximately $4,543,403.19. This represents a 2.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Perla sold 3,000 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 $43,830.00. Following the transaction, the insider now owns 82,489 shares in the company, 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 three months. Corporate insiders own 0.19% of the company’s stock.

Burford Capital Stock Up 0.6 %

Shares of NYSE:BUR opened at $14.13 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. The business has a 50 day simple moving average of $14.20 and a two-hundred day simple moving average of $13.63. Burford Capital Limited has a 1 year low of $12.07 and a 1 year high of $16.77. The firm has a market capitalization of $3.10 billion, a PE ratio of 12.18 and a beta of 0.44.

Burford Capital (NYSE:BUR) last announced its quarterly earnings data 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 business had revenue of $65.69 million during the quarter, compared to the consensus estimate of $219.38 million. On average, equities analysts predict that Burford Capital Limited will post 1.28 EPS 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. Shareholders of record on Friday, May 23rd will be given a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital’s dividend payout ratio (DPR) is 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.