Burford Capital Limited (NYSE:BUR) Shares Sold by Amundi

Amundi lowered its holdings in shares of Burford Capital Limited (NYSE:BUR) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 241,621 shares of the company’s stock after selling 2,135 shares during the quarter. Amundi’s holdings in Burford Capital were worth $3,086,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp raised its position in Burford Capital by 24.6% during the third quarter. State Street Corp now owns 2,946,927 shares of the company’s stock worth $39,076,000 after acquiring an additional 582,514 shares during the last quarter. Emeth Value Capital LLC acquired a new position in Burford Capital during the fourth quarter worth about $17,980,000. Proficio Capital Partners LLC raised its position in Burford Capital by 553.8% during the fourth quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company’s stock worth $12,280,000 after acquiring an additional 815,812 shares during the last quarter. Claar Advisors LLC raised its position in Burford Capital by 22.7% during 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 last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Burford Capital by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 482,061 shares of the company’s stock valued at $6,146,000 after buying an additional 1,746 shares during the last quarter.

Insider Activity

In other Burford Capital news, President Aviva O. Will sold 7,500 shares of the 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 transaction, the president now owns 310,979 shares of the company’s stock, valued at $4,543,403.19. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher P. Bogart sold 90,000 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $1,314,900.00. Following the transaction, the chief executive officer now directly owns 452,185 shares in the company, valued at approximately $6,606,422.85. This represents 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 valued at $1,468,305 over the last 90 days. Insiders own 0.19% of the company’s stock.

Burford Capital Stock Performance

NYSE:BUR opened at $13.58 on Monday. The firm has a 50 day simple moving average of $14.12 and a 200-day simple moving average of $13.62. 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 firm has a market cap of $2.98 billion, a PE ratio of 11.70 and a beta of 0.44. Burford Capital Limited has a 1-year low of $12.07 and a 1-year high of $16.77.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.62). The firm had revenue of $65.69 million during the quarter, compared to analyst estimates of $219.38 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. On average, equities analysts expect that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Stockholders 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 of this dividend is Friday, May 23rd. Burford Capital’s dividend payout ratio is presently 18.46%.

About Burford Capital

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.