Steward Partners Investment Advisory LLC Has $169,000 Position in Burford Capital Limited (NYSE:BUR)

Steward Partners Investment Advisory LLC increased its stake in shares of Burford Capital Limited (NYSE:BUR) by 54.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,242 shares of the company’s stock after purchasing an additional 4,670 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Burford Capital were worth $169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in shares of Burford Capital by 15.7% during the third quarter. HighTower Advisors LLC now owns 314,037 shares of the company’s stock worth $4,154,000 after buying an additional 42,699 shares in the last quarter. State Street Corp grew its position in Burford Capital by 24.6% during the 3rd quarter. State Street Corp now owns 2,946,927 shares of the company’s stock worth $39,076,000 after acquiring an additional 582,514 shares during the last quarter. Evergreen Wealth Management LLC bought a new stake in Burford Capital during the 3rd quarter worth $1,434,000. Central Pacific Bank Trust Division increased its holdings in Burford Capital by 27.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 25,350 shares of the company’s stock worth $323,000 after purchasing an additional 5,510 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Burford Capital by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 279,427 shares of the company’s stock valued at $3,705,000 after purchasing an additional 30,355 shares during the last quarter.

Burford Capital Stock Performance

NYSE:BUR opened at $13.58 on Friday. The stock’s 50-day moving average is $14.12 and its 200-day moving average is $13.62. Burford Capital Limited has a 1-year low of $12.07 and a 1-year high of $16.77. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.98 billion, a P/E ratio of 11.70 and a beta of 0.44.

Burford Capital (NYSE:BUR) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.62). The business had revenue of $65.69 million during 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%. Equities research analysts anticipate that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

The business also recently announced 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. This represents a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital’s payout ratio is presently 18.46%.

Insider Buying and Selling 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 company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $43,830.00. Following the sale, the insider now directly owns 82,489 shares in the company, valued at $1,205,164.29. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,500 shares of company stock worth $1,468,305. Insiders own 0.19% of the company’s stock.

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.