Swiss National Bank Purchases 2,093 Shares of Burford Capital Limited (NYSE:BUR)

Swiss National Bank grew its position in Burford Capital Limited (NYSE:BUR) by 0.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 387,690 shares of the company’s stock after buying an additional 2,093 shares during the period. Swiss National Bank’s holdings in Burford Capital were worth $5,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC acquired a new stake in Burford Capital during the third quarter worth $265,000. Charles Schwab Investment Management Inc. lifted its stake in Burford Capital by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company’s stock worth $6,369,000 after purchasing an additional 2,277 shares during the period. FMR LLC boosted its holdings in Burford Capital by 2,032.2% during the third quarter. FMR LLC now owns 23,284 shares of the company’s stock valued at $308,000 after purchasing an additional 22,192 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Burford Capital by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 116,066 shares of the company’s stock valued at $1,539,000 after purchasing an additional 65,398 shares during the period. Finally, BBR Partners LLC bought a new position in shares of Burford Capital during the 3rd quarter worth approximately $133,000.

Burford Capital Stock Performance

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

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) 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 the consensus estimate of $219.38 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. As a group, analysts predict that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

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

Insider Buying and Selling

In other news, President Aviva O. Will sold 7,500 shares of Burford Capital stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $109,575.00. Following the completion of the sale, the president now owns 310,979 shares in the company, valued at $4,543,403.19. The trade was a 2.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher P. Bogart sold 90,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 452,185 shares in the company, valued at approximately $6,606,422.85. The trade was a 16.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 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.