Arrowpoint Investment Partners Singapore Pte. Ltd. Takes Position in Burford Capital Limited (NYSE:BUR)

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in Burford Capital Limited (NYSE:BUR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $255,000.

Several other large investors have also recently made changes to their positions in the stock. Emeth Value Capital LLC acquired a new stake in Burford Capital in the 4th quarter valued at approximately $17,980,000. Breach Inlet Capital Management LLC purchased a new position in shares of Burford Capital during the fourth quarter worth $12,147,000. Proficio Capital Partners LLC grew its stake in shares of Burford Capital by 553.8% in the fourth quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company’s stock valued at $12,280,000 after buying an additional 815,812 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Burford Capital by 22.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company’s stock valued at $47,529,000 after buying an additional 691,269 shares in the last quarter. Finally, Rovida Investment Management Ltd purchased a new stake in shares of Burford Capital in the 4th quarter valued at $7,449,000.

Burford Capital Price Performance

BUR opened at $13.67 on Wednesday. The stock’s 50-day moving average price is $13.52 and its 200 day moving average price is $13.68. Burford Capital Limited has a 12-month low of $11.17 and a 12-month high of $15.73. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 11.78 and a beta of 0.70. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The business had revenue of $118.86 million for the quarter, compared to analysts’ expectations of $157.00 million. As a group, sell-side analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current 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 payout ratio is currently 12.90%.

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.