Corient Private Wealth LLC Sells 17,793 Shares of Burford Capital Limited (NYSE:BUR)

Corient Private Wealth LLC reduced its stake in Burford Capital Limited (NYSE:BUR) by 10.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 153,924 shares of the company’s stock after selling 17,793 shares during the quarter. Corient Private Wealth LLC’s holdings in Burford Capital were worth $1,963,000 as of its most recent filing with the SEC.

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

Burford Capital Stock Up 0.7 %

Shares of BUR stock opened at $13.93 on Tuesday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 12.01 and a beta of 0.44. 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 company’s fifty day moving average price is $14.25 and its 200-day moving average price is $13.65. Burford Capital Limited has a one year low of $12.07 and a one year high of $16.77.

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 analysts’ expectations of $219.38 million. Sell-side analysts expect that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid 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 payout ratio is 18.46%.

Insider Buying and Selling at Burford Capital

In other Burford Capital news, 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 transaction, the insider now owns 82,489 shares of the company’s stock, valued at $1,205,164.29. This represents a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Aviva O. Will sold 7,500 shares of Burford Capital stock in a transaction dated Tuesday, January 28th. The stock was 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 directly owns 310,979 shares in the company, valued at $4,543,403.19. This trade represents 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 valued at $1,468,305 in the last three months. 0.19% of the stock is currently owned by corporate 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.