Xponance Inc. Buys 1,272 Shares of Burford Capital Limited (NYSE:BUR)

Xponance Inc. lifted its position in Burford Capital Limited (NYSE:BUR) by 9.7% during the 4th quarter, HoldingsChannel reports. The firm owned 14,381 shares of the company’s stock after acquiring an additional 1,272 shares during the quarter. Xponance Inc.’s holdings in Burford Capital were worth $183,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Emeth Value Capital LLC bought a new stake in Burford Capital in the 4th quarter worth approximately $17,980,000. Proficio Capital Partners LLC increased its position in Burford Capital by 553.8% in the fourth quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company’s stock worth $12,280,000 after purchasing an additional 815,812 shares during the last quarter. State Street Corp raised its stake in Burford Capital by 24.6% during the third quarter. State Street Corp now owns 2,946,927 shares of the company’s stock valued at $39,076,000 after purchasing an additional 582,514 shares in the last quarter. Claar Advisors LLC lifted its position in Burford Capital by 22.7% during the third quarter. Claar Advisors LLC now owns 595,446 shares of the company’s stock valued at $7,896,000 after purchasing an additional 110,000 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of Burford Capital by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 116,066 shares of the company’s stock worth $1,539,000 after buying an additional 65,398 shares in the last quarter.

Insiders Place Their Bets

In other Burford Capital news, President Aviva O. Will sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $109,575.00. Following the completion of the sale, the president now owns 310,979 shares of the company’s stock, valued at $4,543,403.19. This trade represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the insider now directly owns 82,489 shares in the company, valued at approximately $1,205,164.29. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,500 shares of company stock valued at $1,468,305 over the last three months. 0.19% of the stock is owned by company insiders.

Burford Capital Stock Down 1.9 %

Shares of NYSE BUR opened at $13.48 on Friday. 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 Limited has a 12-month low of $12.07 and a 12-month high of $16.77. The firm’s 50-day moving average price is $14.32 and its 200-day moving average price is $13.67. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 11.62 and a beta of 0.44.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data 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 company had revenue of $65.69 million for the quarter, compared to analysts’ expectations of $219.38 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. On average, equities research analysts anticipate that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given a $0.0625 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital’s dividend payout ratio is presently 18.46%.

Burford Capital 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.