Burford Capital Limited (NYSE:BUR) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its stake in shares of Burford Capital Limited (NYSE:BUR) by 39.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,492,952 shares of the company’s stock after selling 2,987,650 shares during the period. Invesco Ltd. owned 2.05% of Burford Capital worth $57,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BUR. Sunbelt Securities Inc. acquired a new stake in shares of Burford Capital during the third quarter valued at $57,000. HM Payson & Co. acquired a new stake in shares of Burford Capital during the 4th quarter worth about $119,000. Steward Partners Investment Advisory LLC grew 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 worth $169,000 after buying an additional 4,670 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Burford Capital in the fourth quarter valued at approximately $171,000. Finally, Xponance Inc. boosted its position in Burford Capital by 9.7% during the fourth quarter. Xponance Inc. now owns 14,381 shares of the company’s stock worth $183,000 after acquiring an additional 1,272 shares during the last quarter.

Insider Activity

In related news, President Aviva O. Will sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David Perla sold 3,000 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $43,830.00. Following the completion of the sale, the insider now directly owns 82,489 shares of the company’s stock, valued at $1,205,164.29. The trade was a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,500 shares of company stock valued at $1,468,305 in the last ninety days. Company insiders own 0.19% of the company’s stock.

Burford Capital Price Performance

BUR stock opened at $13.22 on Tuesday. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 11.40 and a beta of 0.73. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. Burford Capital Limited has a 52-week low of $11.17 and a 52-week high of $16.37. The stock’s fifty day simple moving average is $13.94 and its 200-day simple moving average is $13.61.

Burford Capital (NYSE:BUR) last posted its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.56 by ($0.62). The business had revenue of $65.69 million during the quarter, compared to analysts’ expectations of $219.38 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. Equities research analysts expect 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. Shareholders of record on Friday, May 23rd will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 1.8%. Burford Capital’s dividend payout ratio (DPR) is presently 18.46%.

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.