Focus Partners Wealth Reduces Holdings in Burford Capital Limited (NYSE:BUR)

Focus Partners Wealth decreased its position in Burford Capital Limited (NYSE:BUR) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,229 shares of the company’s stock after selling 35,482 shares during the period. Focus Partners Wealth owned 0.06% of Burford Capital worth $1,571,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of Burford Capital by 0.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 91,025 shares of the company’s stock valued at $1,166,000 after buying an additional 676 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Burford Capital by 3.7% in 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 grew its stake in shares of Burford Capital by 0.4% in the 4th quarter. Rhumbline Advisers now owns 296,650 shares of the company’s stock valued at $3,782,000 after buying an additional 1,249 shares during the period. Xponance Inc. grew its stake in shares of Burford Capital by 9.7% in the 4th quarter. Xponance Inc. now owns 14,381 shares of the company’s stock valued at $183,000 after buying an additional 1,272 shares during the period. Finally, Summit Investment Advisors Inc. grew its stake in shares of Burford Capital by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 20,962 shares of the company’s stock valued at $267,000 after buying an additional 1,331 shares during the period.

Burford Capital Stock Performance

Burford Capital stock opened at $13.65 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 11.76 and a beta of 0.70. The firm has a 50 day simple moving average of $13.51 and a 200-day simple moving average of $13.68. Burford Capital Limited has a 1-year low of $11.17 and a 1-year high of $15.73.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). The company had revenue of $118.86 million for the quarter, compared to analysts’ expectations of $157.00 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. On average, analysts expect that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 1.8%. Burford Capital’s payout ratio is currently 12.90%.

About Burford Capital

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.