Burford Capital Limited (NYSE:BUR) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. decreased its position in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 45.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,291 shares of the company's stock after selling 345,766 shares during the period. Balyasny Asset Management L.P. owned 0.19% of Burford Capital worth $5,308,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in shares of Burford Capital by 820.4% during the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock worth $81,000 after buying an additional 5,628 shares in the last quarter. HM Payson & Co. bought a new stake in shares of Burford Capital in the 4th quarter valued at $119,000. Mariner LLC purchased a new stake in shares of Burford Capital in the fourth quarter valued at about $142,000. Schonfeld Strategic Advisors LLC bought a new position in Burford Capital during the fourth quarter worth about $167,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Burford Capital by 54.5% during 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 last quarter.

Burford Capital Trading Up 0.4%

Shares of NYSE BUR traded up $0.06 during mid-day trading on Tuesday, hitting $14.34. The stock had a trading volume of 652,045 shares, compared to its average volume of 968,939. The firm has a market cap of $3.15 billion, a P/E ratio of 12.36 and a beta of 0.70. The business has a 50 day moving average price of $13.47 and a two-hundred day moving average price of $13.67. Burford Capital Limited has a 1 year low of $11.17 and a 1 year high of $15.73. 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 (NYSE:BUR - Get Free Report) last posted its quarterly earnings results 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). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The business had revenue of $118.86 million during the quarter, compared to the consensus estimate of $157.00 million. On average, equities analysts anticipate that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

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

Burford Capital Company 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.