Old Well Partners LLC increased its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 24.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 252,858 shares of the company's stock after acquiring an additional 49,200 shares during the quarter. Burford Capital makes up 6.2% of Old Well Partners LLC's holdings, making the stock its 8th largest holding. Old Well Partners LLC owned about 0.12% of Burford Capital worth $3,224,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new position in shares of Burford Capital during the fourth quarter worth $273,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Burford Capital by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 114,032 shares of the company's stock valued at $1,454,000 after acquiring an additional 4,338 shares in the last quarter. Deutsche Bank AG boosted its stake in Burford Capital by 17.6% in the 4th quarter. Deutsche Bank AG now owns 605,464 shares of the company's stock worth $7,720,000 after purchasing an additional 90,664 shares during the period. Black Maple Capital Management LP lifted its holdings in shares of Burford Capital by 5.6% in the 4th quarter. Black Maple Capital Management LP now owns 210,180 shares of the company's stock worth $2,680,000 after acquiring an additional 11,056 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Burford Capital in the fourth quarter worth $335,000.
Burford Capital Price Performance
BUR opened at $14.28 on Tuesday. The company's 50-day simple moving average is $13.45 and its two-hundred day simple moving average is $13.66. 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 Limited has a 52-week low of $11.17 and a 52-week high of $15.73. The stock has a market capitalization of $3.13 billion, a P/E ratio of 12.31 and a beta of 0.70.
Burford Capital (NYSE:BUR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.16). The company had revenue of $118.86 million for the quarter, compared to the consensus estimate of $157.00 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. As a group, analysts predict that Burford Capital Limited will post 1.28 EPS for the current year.
Burford Capital Cuts Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 1.8%. Burford Capital's dividend payout ratio is currently 12.90%.
Burford Capital Company Profile
(
Free Report)
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.
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