Barclays PLC Lowers Stock Position in Burford Capital Limited (NYSE:BUR)

Barclays PLC cut its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 408,832 shares of the company's stock after selling 55,147 shares during the period. Barclays PLC owned about 0.19% of Burford Capital worth $5,212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BUR. Summit Investment Advisors Inc. increased its stake in shares of Burford Capital by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 20,962 shares of the company's stock worth $267,000 after purchasing an additional 1,331 shares during the last quarter. Grandeur Peak Global Advisors LLC bought a new stake in shares of Burford Capital in the fourth quarter valued at $2,229,000. Sterling Capital Management LLC grew its stake in shares of Burford Capital by 820.4% during the 4th quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock worth $81,000 after acquiring an additional 5,628 shares during the period. Renaissance Technologies LLC increased its holdings in Burford Capital by 122.6% in the 4th quarter. Renaissance Technologies LLC now owns 200,300 shares of the company's stock worth $2,554,000 after acquiring an additional 110,300 shares during the last quarter. Finally, Aristides Capital LLC raised its stake in Burford Capital by 12.1% in the 4th quarter. Aristides Capital LLC now owns 56,050 shares of the company's stock valued at $715,000 after acquiring an additional 6,050 shares during the period.

Burford Capital Stock Performance

NYSE:BUR traded up $0.37 on Friday, reaching $13.89. 279,396 shares of the company's stock were exchanged, compared to its average volume of 971,627. The stock has a fifty day simple moving average of $13.57 and a 200-day simple moving average of $13.65. Burford Capital Limited has a 52 week low of $11.17 and a 52 week high of $16.37. 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 cap of $3.05 billion, a price-to-earnings ratio of 11.98 and a beta of 0.73.

Burford Capital (NYSE:BUR - Get Free Report) last issued its quarterly earnings data 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 company 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%. As a group, sell-side analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

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