Schonfeld Strategic Advisors LLC Takes Position in Burford Capital Limited (NYSE:BUR)

Schonfeld Strategic Advisors LLC bought a new stake in Burford Capital Limited (NYSE:BUR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,094 shares of the company’s stock, valued at approximately $167,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in Burford Capital by 0.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 91,025 shares of the company’s stock valued at $1,166,000 after buying an additional 676 shares during the period. Russell Investments Group Ltd. raised its stake in Burford Capital by 3.7% in the 4th quarter. Russell Investments Group Ltd. now owns 24,888 shares of the company’s stock valued at $317,000 after acquiring an additional 888 shares during the period. Rhumbline Advisers raised its stake in Burford Capital by 0.4% in the 4th quarter. Rhumbline Advisers now owns 296,650 shares of the company’s stock valued at $3,782,000 after acquiring an additional 1,249 shares during the period. Xponance Inc. raised its stake in Burford Capital by 9.7% in the 4th quarter. Xponance Inc. now owns 14,381 shares of the company’s stock valued at $183,000 after acquiring an additional 1,272 shares during the period. Finally, Summit Investment Advisors Inc. raised its stake in Burford Capital by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 20,962 shares of the company’s stock valued at $267,000 after acquiring an additional 1,331 shares during the period.

Burford Capital Price Performance

Shares of BUR opened at $14.40 on Thursday. The firm has a market capitalization of $3.16 billion, a PE ratio of 12.41 and a beta of 0.70. The company’s 50-day moving average is $13.48 and its 200-day moving average is $13.67. Burford Capital Limited has a fifty-two week low of $11.17 and a fifty-two week high of $15.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75.

Burford Capital (NYSE:BUR) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.16). The company had revenue of $118.86 million during the quarter, compared to the consensus estimate of $157.00 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. Equities analysts forecast that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.0625 per share. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 1.8%. Burford Capital’s dividend payout ratio (DPR) is currently 12.90%.

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.