Bank of New York Mellon Corp Trims Stock Position in Burford Capital Limited (NYSE:BUR)

Bank of New York Mellon Corp reduced its position in Burford Capital Limited (NYSE:BUR) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 830,579 shares of the company’s stock after selling 37,436 shares during the quarter. Bank of New York Mellon Corp owned 0.38% of Burford Capital worth $10,590,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BUR. O Brien Greene & Co. Inc purchased a new stake in shares of Burford Capital during the fourth quarter valued at about $249,000. Mraz Amerine & Associates Inc. raised its holdings in shares of Burford Capital by 12.8% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 139,527 shares of the company’s stock worth $1,779,000 after buying an additional 15,868 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Burford Capital in the fourth quarter worth $171,000. Rhumbline Advisers lifted its stake in shares of Burford Capital by 0.4% during the fourth quarter. Rhumbline Advisers now owns 296,650 shares of the company’s stock worth $3,782,000 after buying an additional 1,249 shares during the period. Finally, Emeth Value Capital LLC purchased a new stake in shares of Burford Capital during the fourth quarter valued at $17,980,000.

Burford Capital Stock Performance

Shares of BUR stock opened at $13.26 on Friday. The business has a fifty day moving average of $14.11 and a 200 day moving average of $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 debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 11.43 and a beta of 0.44.

Burford Capital (NYSE:BUR) last released its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 8.07% and a net margin of 34.81%. As a group, research analysts expect that Burford Capital Limited will post 1.28 earnings per share 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. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.0625 per share. This represents a dividend yield of 1.8%. The ex-dividend date is Friday, May 23rd. Burford Capital’s dividend payout ratio (DPR) is 18.46%.

Insider Buying and Selling at Burford Capital

In other news, President Aviva O. Will sold 7,500 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were 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 owns 310,979 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Perla sold 3,000 shares of the firm’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 transaction, the insider now owns 82,489 shares in the company, valued at approximately $1,205,164.29. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,500 shares of company stock valued at $1,468,305. Corporate 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.