BNP Paribas Financial Markets Buys Shares of 26,257 Burford Capital Limited (NYSE:BUR)

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

Several other large investors have also recently bought and sold shares of BUR. Sterling Capital Management LLC grew its stake in shares of Burford Capital by 820.4% in the 4th quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock worth $81,000 after purchasing an additional 5,628 shares during the last quarter. HM Payson & Co. acquired a new position in shares of Burford Capital in the fourth quarter worth about $119,000. Mariner LLC acquired a new position in shares of Burford Capital in the fourth quarter worth about $142,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Burford Capital in the fourth quarter worth about $167,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Burford Capital by 54.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company's stock worth $169,000 after buying an additional 4,670 shares during the period.

Burford Capital Trading Up 1.1%

Shares of BUR traded up $0.15 during midday trading on Thursday, hitting $13.03. The stock had a trading volume of 1,193,974 shares, compared to its average volume of 973,122. 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 50-day simple moving average of $13.43 and a two-hundred day simple moving average of $13.64. The firm has a market cap of $2.85 billion, a P/E ratio of 11.23 and a beta of 0.70. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54.

Burford Capital (NYSE:BUR - Get Free Report) last posted its quarterly 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 company had revenue of $118.86 million for the quarter, compared to analyst estimates of $157.00 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. As a group, equities analysts forecast that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

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