Burford Capital Limited (NYSE:BUR) Shares Bought by Sycale Advisors NY LLC

Sycale Advisors NY LLC raised its stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,157,950 shares of the company's stock after acquiring an additional 107,983 shares during the period. Burford Capital makes up 7.1% of Sycale Advisors NY LLC's holdings, making the stock its 4th biggest holding. Sycale Advisors NY LLC owned approximately 0.99% of Burford Capital worth $27,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in BUR. Sterling Capital Management LLC grew its holdings in shares of 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 purchasing an additional 5,628 shares in the last quarter. HM Payson & Co. acquired a new position in shares of Burford Capital in the fourth quarter valued at approximately $119,000. Quantinno Capital Management LP acquired a new position in shares of Burford Capital in the fourth quarter valued at approximately $132,000. Mariner LLC acquired a new position in shares of Burford Capital in the fourth quarter valued at approximately $142,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Burford Capital in the fourth quarter valued at approximately $167,000.

Burford Capital Stock Down 3.9%

Shares of BUR stock traded down $0.54 during trading on Wednesday, reaching $13.13. The company's stock had a trading volume of 1,150,040 shares, compared to its average volume of 970,940. 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 company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 11.31 and a beta of 0.70. The stock's 50-day moving average price is $13.52 and its 200 day moving average price is $13.68. 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 announced 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 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 year.

Burford Capital Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued 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 (DPR) is presently 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.