Basswood Capital Management L.L.C. Sells 290,374 Shares of Burford Capital Limited (NYSE:BUR)

Basswood Capital Management L.L.C. reduced its stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 71.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,200 shares of the company's stock after selling 290,374 shares during the quarter. Basswood Capital Management L.L.C. owned 0.05% of Burford Capital worth $1,507,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Burford Capital by 0.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 91,025 shares of the company's stock worth $1,166,000 after purchasing an additional 676 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Burford Capital by 3.7% in the fourth quarter. Russell Investments Group Ltd. now owns 24,888 shares of the company's stock worth $317,000 after purchasing an additional 888 shares during the period. Rhumbline Advisers boosted its stake in Burford Capital by 0.4% during the fourth quarter. Rhumbline Advisers now owns 296,650 shares of the company's stock worth $3,782,000 after buying an additional 1,249 shares in the last quarter. Xponance Inc. increased its holdings in Burford Capital by 9.7% in the 4th quarter. Xponance Inc. now owns 14,381 shares of the company's stock valued at $183,000 after buying an additional 1,272 shares during the period. Finally, Summit Investment Advisors Inc. raised its stake in shares of Burford Capital by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 20,962 shares of the company's stock valued at $267,000 after buying an additional 1,331 shares in the last quarter.

Burford Capital Price Performance

Shares of Burford Capital stock traded down $0.10 during trading on Tuesday, hitting $13.85. 581,688 shares of the company's stock traded hands, compared to its average volume of 975,069. The company has a market cap of $3.04 billion, a PE ratio of 11.94 and a beta of 0.70. The firm's fifty day moving average price is $13.47 and its 200 day moving average price is $13.66. Burford Capital Limited has a twelve month low of $11.17 and a twelve month high of $16.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75.

Burford Capital (NYSE:BUR - Get Free Report) last released its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.62). The company had revenue of $65.69 million during the quarter, compared to the consensus estimate of $219.38 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. Analysts forecast that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

The company also recently announced 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. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital's payout ratio is 18.46%.

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.