Barrow Hanley Mewhinney & Strauss LLC Has $47.53 Million Position in Burford Capital Limited (NYSE:BUR)

Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,727,735 shares of the company's stock after acquiring an additional 691,269 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.70% of Burford Capital worth $47,529,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in Burford Capital by 0.7% in the fourth 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 during the period. Russell Investments Group Ltd. boosted 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 valued at $317,000 after purchasing an additional 888 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Burford Capital by 0.4% in the 4th 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. grew its position in shares of Burford Capital by 9.7% during the 4th quarter. Xponance Inc. now owns 14,381 shares of the company's stock worth $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% during the fourth quarter. Summit Investment Advisors Inc. now owns 20,962 shares of the company's stock worth $267,000 after buying an additional 1,331 shares during the last quarter.

Burford Capital Trading Down 2.4%

BUR traded down $0.31 during trading on Wednesday, reaching $12.90. 577,017 shares of the company's stock were exchanged, compared to its average volume of 970,777. The company's fifty day moving average price is $13.44 and its 200-day moving average price is $13.65. The firm has a market capitalization of $2.82 billion, a PE ratio of 11.10 and a beta of 0.70. Burford Capital Limited has a fifty-two week low of $11.17 and a fifty-two week 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 released its 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). The company had revenue of $118.86 million during the quarter, compared to analyst estimates of $157.00 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. As a group, equities analysts forecast that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

The company 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. This represents a dividend yield of 1.8%. The ex-dividend date is Friday, May 23rd. Burford Capital's dividend payout ratio (DPR) is 12.90%.

About Burford Capital

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.