Northern Trust Corp Boosts Stock Position in Burford Capital Limited (NYSE:BUR)

Northern Trust Corp lifted its position in shares of Burford Capital Limited (NYSE:BUR) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,256,636 shares of the company’s stock after purchasing an additional 67,929 shares during the period. Northern Trust Corp owned 0.57% of Burford Capital worth $16,022,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sterling Capital Management LLC increased its stake 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 buying an additional 5,628 shares during the period. HM Payson & Co. bought a new stake in Burford Capital in the fourth quarter valued at $119,000. Mariner LLC bought a new stake in Burford Capital in the fourth quarter valued at $142,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Burford Capital by 54.5% during the 4th 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 in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Burford Capital during the 4th quarter valued at about $171,000.

Burford Capital Trading Up 0.3%

Shares of BUR opened at $14.40 on Thursday. The firm’s 50-day moving average price is $13.48 and its 200-day moving average price is $13.67. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 12.41 and a beta of 0.70. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. Burford Capital Limited has a 1-year low of $11.17 and a 1-year high of $15.73.

Burford Capital (NYSE:BUR) last posted 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 firm had revenue of $118.86 million for the quarter, compared to the consensus estimate of $157.00 million. Sell-side analysts anticipate that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

The business also recently declared 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. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 1.8%. Burford Capital’s dividend payout ratio is currently 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.