Rovida Investment Management Ltd Purchases Shares of 575,000 Burford Capital Limited (NYSE:BUR)

Rovida Investment Management Ltd acquired a new position in shares of Burford Capital Limited (NYSE:BUR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 575,000 shares of the company’s stock, valued at approximately $7,449,000. Burford Capital accounts for approximately 2.3% of Rovida Investment Management Ltd’s portfolio, making the stock its 10th largest position. Rovida Investment Management Ltd owned approximately 0.26% of Burford Capital at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in Burford Capital by 24.6% in the 3rd quarter. State Street Corp now owns 2,946,927 shares of the company’s stock valued at $39,076,000 after purchasing an additional 582,514 shares during the period. Vanguard Group Inc. raised its stake in Burford Capital by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 1,429,089 shares of the company’s stock worth $18,243,000 after purchasing an additional 63,346 shares in the last quarter. Emeth Value Capital LLC acquired a new stake in Burford Capital in the 4th quarter worth about $17,980,000. Proficio Capital Partners LLC boosted its holdings in Burford Capital by 553.8% in the 4th quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company’s stock valued at $12,280,000 after purchasing an additional 815,812 shares during the period. Finally, Claar Advisors LLC grew its position in shares of Burford Capital by 22.7% during the 3rd quarter. Claar Advisors LLC now owns 595,446 shares of the company’s stock worth $7,896,000 after purchasing an additional 110,000 shares in the last quarter.

Insider Transactions at Burford Capital

In other news, CEO Christopher P. Bogart sold 90,000 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $1,314,900.00. Following the completion of the transaction, the chief executive officer now owns 452,185 shares of the company’s stock, valued at approximately $6,606,422.85. This represents a 16.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Aviva O. Will sold 7,500 shares of Burford Capital 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 sale, the president now directly owns 310,979 shares in the company, valued at $4,543,403.19. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,500 shares of company stock valued at $1,468,305. Company insiders own 0.19% of the company’s stock.

Burford Capital Stock Up 0.7 %

NYSE BUR opened at $13.93 on Tuesday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 12.01 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. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $14.25 and a 200-day moving average of $13.65.

Burford Capital (NYSE:BUR) last released its earnings results 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). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The company had revenue of $65.69 million for the quarter, compared to the consensus estimate of $219.38 million. On average, equities research analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current fiscal 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 given a $0.0625 dividend. This represents a dividend yield of 1.8%. The ex-dividend date is Friday, May 23rd. Burford Capital’s payout ratio is presently 18.46%.

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.