Burford Capital Limited (NYSE:BUR) Stock Holdings Decreased by Proficio Capital Partners LLC

Proficio Capital Partners LLC lowered its stake in Burford Capital Limited (NYSE:BUR) by 48.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 75,539 shares of the company’s stock after selling 71,771 shares during the period. Proficio Capital Partners LLC’s holdings in Burford Capital were worth $963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BUR. Sunbelt Securities Inc. bought a new stake in shares of Burford Capital in the 3rd quarter worth about $57,000. BBR Partners LLC bought a new stake in shares of Burford Capital during the 3rd quarter valued at about $133,000. Steward Partners Investment Advisory LLC grew its position in shares of Burford Capital by 54.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company’s stock valued at $169,000 after buying an additional 4,670 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Burford Capital during the 4th quarter valued at about $171,000. Finally, Blue Trust Inc. grew its position in shares of Burford Capital by 87.6% during the 4th quarter. Blue Trust Inc. now owns 14,575 shares of the company’s stock valued at $193,000 after buying an additional 6,806 shares during the last quarter.

Insider Buying and Selling at Burford Capital

In other news, insider David Perla sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $43,830.00. Following the completion of the sale, the insider now directly owns 82,489 shares of the company’s stock, valued at approximately $1,205,164.29. This represents a 3.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Aviva O. Will sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $109,575.00. Following the completion of the sale, the president now directly owns 310,979 shares of the company’s stock, valued at approximately $4,543,403.19. This represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,500 shares of company stock valued at $1,468,305 in the last ninety days. Company insiders own 0.19% of the company’s stock.

Burford Capital Price Performance

Shares of NYSE:BUR opened at $13.80 on Friday. 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 fifty-two week low of $12.07 and a fifty-two week high of $16.77. The firm has a 50-day simple moving average of $14.22 and a 200 day simple moving average of $13.63. The company has a market cap of $3.03 billion, a PE ratio of 11.90 and a beta of 0.44.

Burford Capital (NYSE:BUR) last posted its earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.62). The firm 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 EPS for the current year.

Burford Capital Cuts Dividend

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