Focus Partners Wealth Sells 35,482 Shares of Burford Capital Limited (NYSE:BUR)

Focus Partners Wealth decreased its stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,229 shares of the company's stock after selling 35,482 shares during the period. Focus Partners Wealth owned 0.06% of Burford Capital worth $1,571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake 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 worth $81,000 after acquiring an additional 5,628 shares during the last quarter. HM Payson & Co. acquired a new position in Burford Capital during the 4th quarter worth $119,000. Mariner LLC bought a new position in Burford Capital in the 4th quarter valued at $142,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Burford Capital in the 4th quarter valued at $167,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Burford Capital by 54.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company's stock valued at $169,000 after buying an additional 4,670 shares during the period.

Burford Capital Trading Up 0.2%

Burford Capital stock traded up $0.03 during mid-day trading on Tuesday, hitting $13.67. The stock had a trading volume of 804,399 shares, compared to its average volume of 971,814. The stock has a market capitalization of $2.99 billion, a PE ratio of 11.78 and a beta of 0.70. Burford Capital Limited has a 12 month low of $11.17 and a 12 month high of $15.73. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The stock has a 50-day simple moving average of $13.51 and a two-hundred day simple moving average of $13.68.

Burford Capital (NYSE:BUR - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $157.00 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. As a group, sell-side analysts forecast that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

The business 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 $0.0625 dividend. This represents a yield of 1.8%. The ex-dividend date is Friday, May 23rd. Burford Capital's 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.