BNP Paribas Financial Markets Takes $335,000 Position in Burford Capital Limited (NYSE:BUR)

BNP Paribas Financial Markets bought a new position in Burford Capital Limited (NYSE:BUR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,257 shares of the company's stock, valued at approximately $335,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Burford Capital by 0.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 91,025 shares of the company's stock valued at $1,166,000 after purchasing an additional 676 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Burford Capital by 3.7% in the fourth 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 in the last quarter. Rhumbline Advisers grew its position in 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 acquiring an additional 1,249 shares during the period. Xponance Inc. grew its position in Burford Capital by 9.7% in the fourth quarter. Xponance Inc. now owns 14,381 shares of the company's stock valued at $183,000 after acquiring an additional 1,272 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings 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 purchasing an additional 1,331 shares during the last quarter.

Burford Capital Price Performance

Shares of BUR stock traded down $0.14 during trading hours on Friday, hitting $12.88. 6,065,636 shares of the company's stock were exchanged, compared to its average volume of 993,919. The stock's 50-day moving average is $13.38 and its 200-day moving average is $13.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 11.10 and a beta of 0.70. Burford Capital Limited has a 52 week low of $11.17 and a 52 week high of $15.73.

Burford Capital (NYSE:BUR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.16). The business had revenue of $118.86 million for the quarter, compared to the consensus estimate of $157.00 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. As a group, research 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 paid a dividend of $0.0625 per share. This represents a dividend yield of 1.8%. The ex-dividend date is Friday, May 23rd. Burford Capital's dividend payout ratio (DPR) is presently 12.90%.

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.