Burford Capital Limited (NYSE:BUR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 63.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,977 shares of the company's stock after selling 74,009 shares during the quarter. Jane Street Group LLC's holdings in Burford Capital were worth $557,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BUR. Sterling Capital Management LLC lifted its holdings in Burford Capital by 820.4% in the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after acquiring an additional 5,628 shares during the period. HM Payson & Co. acquired a new stake in Burford Capital in the fourth quarter valued at $119,000. Mariner LLC acquired a new stake in Burford Capital in the fourth quarter valued at $142,000. Schonfeld Strategic Advisors LLC acquired a new stake in Burford Capital in the fourth quarter valued at $167,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Burford Capital by 54.5% in 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 during the period.

Burford Capital Price Performance

Burford Capital stock traded down $0.17 during midday trading on Monday, reaching $12.70. The company's stock had a trading volume of 1,118,627 shares, compared to its average volume of 994,388. Burford Capital Limited has a fifty-two week low of $11.17 and a fifty-two week 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. The stock's 50 day simple moving average is $13.36 and its 200 day simple moving average is $13.64. The firm has a market capitalization of $2.78 billion, a PE ratio of 10.94 and a beta of 0.70.

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 the consensus estimate of $0.30 by ($0.16). The firm 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%. On average, equities research analysts forecast that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

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