Deutsche Bank AG Purchases 90,664 Shares of Burford Capital Limited (NYSE:BUR)

Deutsche Bank AG grew its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 605,464 shares of the company's stock after buying an additional 90,664 shares during the quarter. Deutsche Bank AG owned approximately 0.28% of Burford Capital worth $7,720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC increased its position in Burford Capital by 820.4% in the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock worth $81,000 after buying an additional 5,628 shares in the last quarter. HM Payson & Co. purchased a new stake in Burford Capital in the fourth quarter worth about $119,000. Mariner LLC bought a new position in shares of Burford Capital in the fourth quarter worth about $142,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Burford Capital in the fourth quarter worth about $167,000. Finally, Steward Partners Investment Advisory LLC boosted its stake 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 acquiring an additional 4,670 shares during the period.

Burford Capital Price Performance

Shares of NYSE BUR traded down $0.13 during mid-day trading on Friday, reaching $13.03. The company's stock had a trading volume of 972,005 shares, compared to its average volume of 971,222. The firm has a market capitalization of $2.85 billion, a PE ratio of 11.23 and a beta of 0.70. 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 fifty day moving average of $13.48 and a two-hundred day moving average of $13.67. 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 released its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.16). The business had revenue of $118.86 million during 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, sell-side analysts anticipate that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

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