Tower Research Capital LLC TRC Sells 10,230 Shares of Burford Capital Limited (NYSE:BUR)

Tower Research Capital LLC TRC lessened its position in Burford Capital Limited (NYSE:BUR) by 75.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,353 shares of the company’s stock after selling 10,230 shares during the period. Tower Research Capital LLC TRC’s holdings in Burford Capital were worth $43,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of Burford Capital by 820.4% during the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company’s stock valued at $81,000 after purchasing an additional 5,628 shares during the last quarter. HM Payson & Co. purchased a new position in shares of Burford Capital during the fourth quarter valued at approximately $119,000. Mariner LLC purchased a new position in shares of Burford Capital during the fourth quarter valued at approximately $142,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Burford Capital by 54.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company’s stock valued at $169,000 after purchasing an additional 4,670 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Burford Capital during the fourth quarter valued at approximately $171,000.

Burford Capital Stock Up 0.4%

BUR opened at $14.34 on Wednesday. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average price of $13.47 and a 200-day moving average price of $13.67. Burford Capital Limited has a twelve month low of $11.17 and a twelve month high of $15.73. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 12.36 and a beta of 0.70.

Burford Capital (NYSE:BUR) last released its quarterly earnings data 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). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The company had revenue of $118.86 million for the quarter, compared to analysts’ expectations of $157.00 million. Equities research analysts forecast 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. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 1.8%. Burford Capital’s payout ratio is 12.90%.

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.