Grandeur Peak Global Advisors LLC Invests $2.23 Million in Burford Capital Limited (NYSE:BUR)

Grandeur Peak Global Advisors LLC bought a new position in shares of Burford Capital Limited (NYSE:BUR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 174,855 shares of the company's stock, valued at approximately $2,229,000. Grandeur Peak Global Advisors LLC owned approximately 0.08% of Burford Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in BUR. Sunbelt Securities Inc. acquired a new position in shares of Burford Capital during the 3rd quarter worth approximately $57,000. Sterling Capital Management LLC raised its position in shares of Burford Capital by 820.4% in the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after buying an additional 5,628 shares during the last quarter. HM Payson & Co. purchased a new stake in Burford Capital in the 4th quarter worth approximately $119,000. Steward Partners Investment Advisory LLC grew its position in shares of Burford Capital by 54.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company's stock valued at $169,000 after purchasing an additional 4,670 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new stake in Burford Capital in the 4th quarter worth about $171,000.

Burford Capital Trading Up 0.1 %

Shares of BUR stock traded up $0.02 during trading hours on Thursday, hitting $13.86. 313,283 shares of the company were exchanged, compared to its average volume of 980,579. Burford Capital Limited has a 1 year low of $11.17 and a 1 year high of $16.37. The firm has a fifty day moving average of $13.90 and a 200 day moving average of $13.61. The firm has a market cap of $3.04 billion, a PE ratio of 11.95 and a beta of 0.73. 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 (NYSE:BUR - Get Free Report) last issued 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 analysts' expectations of $219.38 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. Analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

The firm 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 dividend yield of 1.8%. Burford Capital's payout ratio is currently 18.46%.

Insider Transactions at Burford Capital

In related news, CEO Christopher P. Bogart sold 90,000 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $1,314,900.00. Following the transaction, the chief executive officer now directly owns 452,185 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Perla sold 3,000 shares of Burford Capital 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 of the company's stock, 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. Insiders have sold 100,500 shares of company stock valued at $1,468,305 over the last three months. Company insiders own 0.19% of the company's stock.

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.