Burford Capital Limited (NYSE:BUR) Stock Holdings Increased by Swiss National Bank

Swiss National Bank boosted its stake in shares of Burford Capital Limited (NYSE:BUR) by 0.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 387,690 shares of the company’s stock after purchasing an additional 2,093 shares during the period. Swiss National Bank owned about 0.18% of Burford Capital worth $5,028,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new position in shares of Burford Capital during the 3rd quarter valued at $265,000. Charles Schwab Investment Management Inc. grew its stake in Burford Capital by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company’s stock valued at $6,369,000 after purchasing an additional 2,277 shares in the last quarter. FMR LLC increased its position in Burford Capital by 2,032.2% in the 3rd quarter. FMR LLC now owns 23,284 shares of the company’s stock worth $308,000 after purchasing an additional 22,192 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Burford Capital by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 116,066 shares of the company’s stock worth $1,539,000 after purchasing an additional 65,398 shares in the last quarter. Finally, BBR Partners LLC acquired a new stake in shares of Burford Capital during the 3rd quarter valued at about $133,000.

Insiders Place Their Bets

In other news, CEO Christopher P. Bogart sold 90,000 shares of Burford Capital stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $1,314,900.00. Following the transaction, the chief executive officer now directly owns 452,185 shares in the company, valued at approximately $6,606,422.85. The trade was a 16.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Perla sold 3,000 shares of the 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 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 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 90 days. 0.19% of the stock is currently owned by company insiders.

Burford Capital Trading Up 0.7 %

NYSE:BUR opened at $13.93 on Tuesday. The company has a market capitalization of $3.06 billion, a P/E ratio of 12.01 and a beta of 0.44. The stock’s 50 day moving average price is $14.25 and its 200 day moving average price is $13.65. 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.

Burford Capital (NYSE:BUR) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.56 by ($0.62). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The business had revenue of $65.69 million for the quarter, compared to analyst estimates of $219.38 million. On average, research analysts forecast that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be issued 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 (DPR) is currently 18.46%.

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.