Jane Street Group LLC Has $557,000 Holdings in Burford Capital Limited (NYSE:BUR)

Jane Street Group LLC lowered its holdings in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 63.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,977 shares of the company's stock after selling 74,009 shares during the period. Jane Street Group LLC's holdings in Burford Capital were worth $557,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sterling Capital Management LLC grew its stake in shares of 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 buying an additional 5,628 shares during the last quarter. HM Payson & Co. bought a new stake in Burford Capital during the 4th quarter worth $119,000. Mariner LLC bought a new stake in Burford Capital during the 4th quarter worth $142,000. Schonfeld Strategic Advisors LLC acquired a new position in Burford Capital in the 4th quarter worth about $167,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in Burford Capital by 54.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company's stock worth $169,000 after purchasing an additional 4,670 shares in the last quarter.

Burford Capital Trading Down 1.1%

Shares of BUR stock traded down $0.14 during mid-day trading on Friday, reaching $12.88. 6,065,636 shares of the stock traded hands, compared to its average volume of 994,375. The company has a market cap of $2.82 billion, a price-to-earnings 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. The stock's fifty day simple moving average is $13.41 and its two-hundred day simple moving average is $13.64. Burford Capital Limited has a 1-year low of $11.17 and a 1-year high of $15.73.

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

Burford Capital Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.0625 per share. This represents a yield of 1.8%. The ex-dividend date is Friday, May 23rd. Burford Capital's dividend payout ratio 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.