Ameriprise Financial Inc. Has $118.51 Million Position in Burford Capital Limited (NYSE:BUR)

Ameriprise Financial Inc. reduced its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,653,807 shares of the company's stock after selling 114,914 shares during the quarter. Ameriprise Financial Inc. owned approximately 4.41% of Burford Capital worth $118,507,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Burford Capital by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 279,427 shares of the company's stock worth $3,705,000 after acquiring an additional 30,355 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of Burford Capital by 27.9% in the fourth quarter. First Hawaiian Bank now owns 39,081 shares of the company's stock valued at $498,000 after purchasing an additional 8,536 shares in the last quarter. SG Americas Securities LLC raised its position in Burford Capital by 302.4% in the 4th quarter. SG Americas Securities LLC now owns 30,926 shares of the company's stock worth $394,000 after purchasing an additional 23,241 shares during the last quarter. Blue Trust Inc. lifted its holdings in Burford Capital by 87.6% during the 4th quarter. Blue Trust Inc. now owns 14,575 shares of the company's stock worth $193,000 after buying an additional 6,806 shares in the last quarter. Finally, Emeth Value Capital LLC bought a new position in Burford Capital in the 4th quarter valued at $17,980,000.

Burford Capital Price Performance

Shares of BUR stock remained flat at $14.28 on Tuesday. The stock had a trading volume of 181,605 shares, compared to its average volume of 972,136. 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 $11.17 and a 12 month high of $15.73. The company has a market capitalization of $3.13 billion, a PE ratio of 12.31 and a beta of 0.70. The firm's 50 day moving average price is $13.45 and its 200 day moving average price is $13.66.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.16). The firm had revenue of $118.86 million for the quarter, compared to the consensus estimate of $157.00 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. On average, research analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid a $0.0625 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital's payout ratio is presently 12.90%.

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.