Burford Capital Limited (NYSE:BUR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Burford Capital Limited (NYSE:BUR) by 0.4% in the fourth quarter, HoldingsChannel reports. The firm owned 482,061 shares of the company’s stock after acquiring an additional 1,746 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Burford Capital were worth $6,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of Burford Capital by 15.7% in the 3rd quarter. HighTower Advisors LLC now owns 314,037 shares of the company’s stock valued at $4,154,000 after buying an additional 42,699 shares during the period. State Street Corp lifted its holdings in Burford Capital by 24.6% in the third quarter. State Street Corp now owns 2,946,927 shares of the company’s stock valued at $39,076,000 after acquiring an additional 582,514 shares during the period. Central Pacific Bank Trust Division boosted its position in Burford Capital by 27.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 25,350 shares of the company’s stock worth $323,000 after purchasing an additional 5,510 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Burford Capital by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 279,427 shares of the company’s stock worth $3,705,000 after purchasing an additional 30,355 shares during the period. Finally, Emeth Value Capital LLC purchased a new position in shares of Burford Capital during the 4th quarter valued at approximately $17,980,000.

Insider Activity

In other Burford Capital news, President Aviva O. Will sold 7,500 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $109,575.00. Following the transaction, the president now owns 310,979 shares in the company, valued at approximately $4,543,403.19. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher P. Bogart sold 90,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 452,185 shares of the company’s stock, valued at $6,606,422.85. The trade was a 16.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock worth $1,468,305 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

Burford Capital Stock Performance

BUR opened at $13.93 on Tuesday. The stock has a market cap of $3.06 billion, a P/E 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 firm has a fifty day moving average price of $14.25 and a 200 day moving average price of $13.65. 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) EPS for the quarter, missing analysts’ consensus estimates 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. Equities research analysts anticipate that Burford Capital Limited will post 1.28 earnings per share 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 issued a dividend of $0.0625 per share. This represents a yield of 1.8%. The ex-dividend date is Friday, May 23rd. Burford Capital’s payout ratio is 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.