Northern Trust Corp Grows Stock Holdings in Burford Capital Limited (NYSE:BUR)

Northern Trust Corp boosted its position in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,256,636 shares of the company's stock after buying an additional 67,929 shares during the quarter. Northern Trust Corp owned approximately 0.57% of Burford Capital worth $16,022,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BUR. Emeth Value Capital LLC acquired a new stake in Burford Capital during the fourth quarter valued at $17,980,000. Breach Inlet Capital Management LLC acquired a new stake in shares of Burford Capital in the fourth quarter valued at about $12,147,000. Proficio Capital Partners LLC grew its position in shares of Burford Capital by 553.8% in the fourth quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company's stock valued at $12,280,000 after purchasing an additional 815,812 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Burford Capital by 22.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company's stock valued at $47,529,000 after purchasing an additional 691,269 shares during the period. Finally, Rovida Investment Management Ltd acquired a new stake in shares of Burford Capital in the fourth quarter valued at about $7,449,000.

Burford Capital Price Performance

Shares of NYSE BUR traded down $0.16 during trading on Tuesday, hitting $13.48. The company had a trading volume of 175,072 shares, compared to its average volume of 969,459. The stock has a fifty day simple moving average of $13.51 and a two-hundred day simple moving average of $13.68. Burford Capital Limited has a fifty-two week low of $11.17 and a fifty-two week high of $15.73. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 11.64 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 announced its 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). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The company had revenue of $118.86 million during the quarter, compared to analyst estimates of $157.00 million. On average, research analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

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