20,000 Shares in Burford Capital Limited (NYSE:BUR) Purchased by Arrowpoint Investment Partners Singapore Pte. Ltd.

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in Burford Capital Limited (NYSE:BUR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the company's stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Emeth Value Capital LLC bought a new position in shares of Burford Capital in the 4th quarter valued at about $17,980,000. Breach Inlet Capital Management LLC purchased a new stake in shares of Burford Capital in the 4th quarter worth approximately $12,147,000. Proficio Capital Partners LLC boosted its holdings in shares of Burford Capital by 553.8% in the 4th quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company's stock valued at $12,280,000 after buying an additional 815,812 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Burford Capital by 22.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company's stock valued at $47,529,000 after buying an additional 691,269 shares in the last quarter. Finally, Rovida Investment Management Ltd acquired a new position in shares of Burford Capital in the 4th quarter valued at $7,449,000.

Burford Capital Stock Performance

Burford Capital stock traded down $0.13 during midday trading on Monday, hitting $13.03. 972,005 shares of the company were exchanged, compared to its average volume of 971,855. 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 fifty-two week low of $11.17 and a fifty-two week high of $15.73. The business has a fifty day simple moving average of $13.48 and a two-hundred day simple moving average of $13.66. The firm has a market capitalization of $2.85 billion, a PE ratio of 11.23 and a beta of 0.70.

Burford Capital (NYSE:BUR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.16). The firm had revenue of $118.86 million during the quarter, compared to analysts' expectations of $157.00 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. On average, sell-side analysts forecast that Burford Capital Limited will post 1.28 earnings per share for the current 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. This represents a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital's dividend payout ratio is currently 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.