Renaissance Technologies LLC Has $2.55 Million Stock Position in Burford Capital Limited (NYSE:BUR)

Renaissance Technologies LLC raised its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 122.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,300 shares of the company's stock after purchasing an additional 110,300 shares during the period. Renaissance Technologies LLC owned 0.09% of Burford Capital worth $2,554,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aristides Capital LLC boosted its holdings in shares of Burford Capital by 12.1% during the fourth quarter. Aristides Capital LLC now owns 56,050 shares of the company's stock worth $715,000 after acquiring an additional 6,050 shares during the period. Russell Investments Group Ltd. grew its holdings in Burford Capital by 3.7% in the 4th quarter. Russell Investments Group Ltd. now owns 24,888 shares of the company's stock valued at $317,000 after buying an additional 888 shares in the last quarter. Breach Inlet Capital Management LLC acquired a new position in Burford Capital in the 4th quarter valued at $12,147,000. Pilgrim Partners Asia Pte Ltd bought a new position in Burford Capital during the 4th quarter worth $1,594,000. Finally, Wells Fargo & Company MN boosted its position in shares of Burford Capital by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 117,874 shares of the company's stock valued at $1,503,000 after acquiring an additional 25,616 shares during the period.

Burford Capital Stock Performance

NYSE:BUR traded down $0.16 during mid-day trading on Wednesday, reaching $13.58. 929,741 shares of the company's stock were exchanged, compared to its average volume of 973,221. 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 firm has a market capitalization of $2.98 billion, a PE ratio of 11.71 and a beta of 0.73. Burford Capital Limited has a one year low of $11.17 and a one year high of $16.37. The business's fifty day simple moving average is $13.61 and its two-hundred day simple moving average is $13.65.

Burford Capital (NYSE:BUR - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.62). The company had revenue of $65.69 million for the quarter, compared to analyst estimates of $219.38 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. Analysts anticipate that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Cuts Dividend

The company also recently disclosed 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 is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital's dividend payout ratio is 18.46%.

Burford Capital Company 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.