Nebula Research & Development LLC Raises Stock Position in Burford Capital Limited (NYSE:BUR)

Nebula Research & Development LLC raised its stake in Burford Capital Limited (NYSE:BUR) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,754 shares of the company’s stock after buying an additional 3,357 shares during the period. Nebula Research & Development LLC’s holdings in Burford Capital were worth $634,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rangeley Capital LLC purchased a new stake in shares of Burford Capital in the fourth quarter valued at $5,878,000. Central Pacific Bank Trust Division lifted its position in shares of Burford Capital by 27.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,350 shares of the company’s stock valued at $323,000 after acquiring an additional 5,510 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Burford Capital by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 279,427 shares of the company’s stock valued at $3,705,000 after acquiring an additional 30,355 shares in the last quarter. Emeth Value Capital LLC purchased a new stake in shares of Burford Capital in the fourth quarter valued at $17,980,000. Finally, SG Americas Securities LLC lifted its position in shares of Burford Capital by 302.4% in the fourth quarter. SG Americas Securities LLC now owns 30,926 shares of the company’s stock valued at $394,000 after acquiring an additional 23,241 shares in the last quarter.

Burford Capital Stock Down 0.6 %

Shares of NYSE:BUR opened at $13.60 on Tuesday. 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 $13.68 and its 200-day simple moving average is $13.65. The company has a market capitalization of $2.98 billion, a P/E ratio of 11.72 and a beta of 0.73.

Burford Capital (NYSE:BUR) last released its 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 analyst estimates of $219.38 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. As a group, equities research analysts forecast 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 $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital’s payout ratio is currently 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.