Burford Capital Limited (NYSE:BUR) Stock Position Lessened by Marshall Wace LLP

Marshall Wace LLP trimmed its holdings in shares of Burford Capital Limited (NYSE:BUR) by 16.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 644,511 shares of the company’s stock after selling 130,876 shares during the period. Marshall Wace LLP’s holdings in Burford Capital were worth $8,218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its stake in Burford Capital by 3.7% during the 4th quarter. Russell Investments Group Ltd. now owns 24,888 shares of the company’s stock valued at $317,000 after buying an additional 888 shares during the period. Rhumbline Advisers increased its stake in shares of Burford Capital by 0.4% during the fourth quarter. Rhumbline Advisers now owns 296,650 shares of the company’s stock valued at $3,782,000 after acquiring an additional 1,249 shares during the period. Xponance Inc. raised its holdings 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 purchasing an additional 1,272 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in Burford Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 20,962 shares of the company’s stock worth $267,000 after purchasing an additional 1,331 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Burford Capital by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 482,061 shares of the company’s stock worth $6,146,000 after purchasing an additional 1,746 shares during the period.

Insider Buying and Selling

In other Burford Capital news, President Aviva O. Will sold 7,500 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $109,575.00. Following the sale, the president now owns 310,979 shares in the company, valued at approximately $4,543,403.19. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher P. Bogart sold 90,000 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were 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. This represents a 16.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,500 shares of company stock worth $1,468,305. Corporate insiders own 8.90% of the company’s stock.

Burford Capital Stock Up 3.3 %

Shares of BUR stock opened at $14.07 on Wednesday. Burford Capital Limited has a 1 year low of $11.17 and a 1 year high of $16.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. The business’s fifty day moving average is $13.81 and its 200-day moving average is $13.63. The stock has a market cap of $3.09 billion, a PE ratio of 12.13 and a beta of 0.73.

Burford Capital (NYSE:BUR) last released its earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.62). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The firm had revenue of $65.69 million for the quarter, compared to analyst estimates of $219.38 million. Equities analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.0625 per share. This represents a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital’s dividend 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.