Diametric Capital LP Sells 8,790 Shares of Burford Capital Limited (NYSE:BUR)

Diametric Capital LP decreased its position in shares of Burford Capital Limited (NYSE:BUR) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,139 shares of the company’s stock after selling 8,790 shares during the quarter. Diametric Capital LP’s holdings in Burford Capital were worth $849,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in Burford Capital in the third quarter valued at about $57,000. HM Payson & Co. bought a new position in Burford Capital in the 4th quarter valued at approximately $119,000. Steward Partners Investment Advisory LLC boosted its position in Burford Capital by 54.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company’s stock worth $169,000 after buying an additional 4,670 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in Burford Capital during the 4th quarter worth approximately $171,000. Finally, Xponance Inc. increased its position in 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 acquiring an additional 1,272 shares during the period.

Insider Transactions at Burford Capital

In related news, President Aviva O. Will sold 7,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $109,575.00. Following the transaction, the president now owns 310,979 shares in the company, valued at $4,543,403.19. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Perla sold 3,000 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $43,830.00. Following the sale, the insider now owns 82,489 shares of the company’s stock, valued at approximately $1,205,164.29. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,500 shares of company stock worth $1,468,305. Company insiders own 0.19% of the company’s stock.

Burford Capital Price Performance

Shares of NYSE:BUR opened at $13.23 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $16.77. The firm has a market cap of $2.90 billion, a PE ratio of 11.40 and a beta of 0.44. The firm’s fifty day moving average is $14.32 and its 200-day moving average is $13.68.

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

Burford Capital Cuts Dividend

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