D. E. Shaw & Co. Inc. Trims Stock Position in Burford Capital Limited (NYSE:BUR)

D. E. Shaw & Co. Inc. lessened its position in Burford Capital Limited (NYSE:BUR - Free Report) by 82.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,433 shares of the company's stock after selling 79,708 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Burford Capital were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BUR. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of 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 worth $47,529,000 after acquiring an additional 691,269 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Burford Capital by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 1,429,089 shares of the company's stock worth $18,243,000 after acquiring an additional 63,346 shares in the last quarter. Emeth Value Capital LLC acquired a new position in shares of Burford Capital during the 4th quarter worth about $17,980,000. Northern Trust Corp boosted its position in shares of Burford Capital by 5.7% during the 4th quarter. Northern Trust Corp now owns 1,256,636 shares of the company's stock worth $16,022,000 after acquiring an additional 67,929 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Burford Capital by 553.8% during the 4th quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company's stock worth $12,280,000 after acquiring an additional 815,812 shares in the last quarter.

Burford Capital Stock Down 1.1%

Shares of NYSE:BUR traded down $0.14 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 firm's 50-day moving average is $13.38 and its 200 day moving average is $13.64. The company 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 1-year low of $11.17 and a 1-year 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 posted 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). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The firm had revenue of $118.86 million during the quarter, compared to analysts' expectations of $157.00 million. Sell-side analysts predict that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

The company also recently announced 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 of this dividend is Friday, May 23rd. Burford Capital's payout ratio is currently 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.