Clearline Capital LP Trims Stake in Burford Capital Limited (NYSE:BUR)

Clearline Capital LP reduced its position in Burford Capital Limited (NYSE:BUR - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,340 shares of the company's stock after selling 62,240 shares during the period. Clearline Capital LP owned approximately 0.12% of Burford Capital worth $3,383,000 at the end of the most recent quarter.

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

Burford Capital Stock Performance

Shares of Burford Capital stock traded down $0.15 during mid-day trading on Friday, hitting $13.79. 611,967 shares of the stock were exchanged, compared to its average volume of 975,990. The company has a market capitalization of $3.03 billion, a P/E ratio of 11.89 and a beta of 0.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. The company has a 50-day simple moving average of $13.44 and a 200 day simple moving average of $13.66. Burford Capital Limited has a 12 month low of $11.17 and a 12 month high of $15.73.

Burford Capital (NYSE:BUR - Get Free Report) last posted 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). 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 analysts' expectations of $157.00 million. Sell-side analysts anticipate that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Cuts Dividend

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