Burford Capital Limited (NYSE:BUR) Shares Sold by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. cut its position in Burford Capital Limited (NYSE:BUR) by 71.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 118,200 shares of the company’s stock after selling 290,374 shares during the quarter. Basswood Capital Management L.L.C. owned about 0.05% of Burford Capital worth $1,507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its holdings 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 last quarter. HM Payson & Co. acquired a new position in Burford Capital during the 4th quarter worth $119,000. Mariner LLC bought a new position in shares of Burford Capital in the fourth quarter worth $142,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Burford Capital during the fourth quarter valued at $167,000. Finally, Steward Partners Investment Advisory LLC raised its stake 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 valued at $169,000 after purchasing an additional 4,670 shares in the last quarter.

Burford Capital Stock Performance

Shares of BUR opened at $13.98 on Friday. The firm has a market capitalization of $3.07 billion, a PE ratio of 12.05 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. The firm has a 50-day moving average price of $13.54 and a 200 day moving average price of $13.65. Burford Capital Limited has a 52-week low of $11.17 and a 52-week high of $16.37.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.62). The company had revenue of $65.69 million for 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%. On average, sell-side analysts anticipate that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Stockholders 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 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.