Vanguard Group Inc. Purchases 63,346 Shares of Burford Capital Limited (NYSE:BUR)

Vanguard Group Inc. boosted its holdings in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,429,089 shares of the company's stock after purchasing an additional 63,346 shares during the quarter. Vanguard Group Inc. owned about 0.65% of Burford Capital worth $18,243,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BUR. State Street Corp increased its position in shares of Burford Capital by 24.6% during the 3rd quarter. State Street Corp now owns 2,946,927 shares of the company's stock valued at $39,076,000 after purchasing an additional 582,514 shares during the last quarter. Emeth Value Capital LLC purchased a new stake in shares of Burford Capital in the fourth quarter valued at $17,980,000. Proficio Capital Partners LLC lifted its holdings in shares of Burford Capital by 553.8% in the 4th quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company's stock worth $12,280,000 after acquiring an additional 815,812 shares during the last quarter. Claar Advisors LLC boosted its stake in shares of Burford Capital by 22.7% during the 3rd quarter. Claar Advisors LLC now owns 595,446 shares of the company's stock worth $7,896,000 after purchasing an additional 110,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Burford Capital by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 482,061 shares of the company's stock valued at $6,146,000 after purchasing an additional 1,746 shares during the last quarter.

Burford Capital Trading Up 3.3 %

NYSE BUR traded up $0.46 during trading on Tuesday, hitting $14.07. The stock had a trading volume of 601,768 shares, compared to its average volume of 973,018. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 12.13 and a beta of 0.73. The stock has a 50 day simple moving average of $13.81 and a 200 day simple moving average of $13.63. Burford Capital Limited has a one year low of $11.17 and a one year high of $16.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75.

Burford Capital (NYSE:BUR - Get Free Report) last posted its quarterly earnings data 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). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The business had revenue of $65.69 million for the quarter, compared to analysts' expectations of $219.38 million. Sell-side analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

The business also recently declared 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 of this dividend is Friday, May 23rd. Burford Capital's dividend payout ratio is presently 18.46%.

Insider Buying and Selling

In related news, President Aviva O. Will sold 7,500 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $109,575.00. Following the transaction, the president now owns 310,979 shares of the company's stock, valued at $4,543,403.19. This represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Perla sold 3,000 shares of Burford Capital stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $43,830.00. Following the sale, the insider now directly owns 82,489 shares of the company's stock, valued at approximately $1,205,164.29. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,500 shares of company stock valued at $1,468,305 in the last 90 days. Company insiders own 8.90% of the company's stock.

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.