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

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

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in Burford Capital by 820.4% during the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock worth $81,000 after acquiring an additional 5,628 shares in the last quarter. HM Payson & Co. purchased a new stake in shares of Burford Capital in the fourth quarter worth $119,000. Mariner LLC purchased a new position in shares of Burford Capital in the 4th quarter worth about $142,000. Schonfeld Strategic Advisors LLC bought a new position in Burford Capital in the 4th quarter worth about $167,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Burford Capital by 54.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company's stock valued at $169,000 after acquiring an additional 4,670 shares in the last quarter.

Burford Capital Stock Performance

Shares of NYSE BUR traded down $0.14 during trading on Friday, reaching $12.88. 6,065,636 shares of the company traded hands, compared to its average volume of 993,390. The firm has a 50 day simple moving average of $13.41 and a 200-day simple moving average of $13.64. Burford Capital Limited has a 52-week low of $11.17 and a 52-week high of $15.73. The stock has a market capitalization of $2.82 billion, a PE ratio of 11.10 and a beta of 0.70. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54.

Burford Capital (NYSE:BUR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $157.00 million. Equities research analysts anticipate that Burford Capital Limited will post 1.28 earnings per share for the current 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 given a dividend of $0.0625 per share. 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 12.90%.

Burford Capital Company 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.