Wells Fargo & Company MN Has $1.50 Million Stock Holdings in Burford Capital Limited (NYSE:BUR)

Wells Fargo & Company MN grew its stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 27.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 117,874 shares of the company's stock after buying an additional 25,616 shares during the period. Wells Fargo & Company MN owned approximately 0.05% of Burford Capital worth $1,503,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Rangeley Capital LLC bought a new stake in Burford Capital in the 4th quarter valued at $5,878,000. Central Pacific Bank Trust Division increased its stake in Burford Capital by 27.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,350 shares of the company's stock valued at $323,000 after acquiring an additional 5,510 shares during the period. JPMorgan Chase & Co. raised its position in Burford Capital by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 279,427 shares of the company's stock worth $3,705,000 after purchasing an additional 30,355 shares in the last quarter. Emeth Value Capital LLC bought a new position in Burford Capital during the fourth quarter worth about $17,980,000. Finally, SG Americas Securities LLC boosted its holdings in Burford Capital by 302.4% during the fourth quarter. SG Americas Securities LLC now owns 30,926 shares of the company's stock valued at $394,000 after purchasing an additional 23,241 shares in the last quarter.

Burford Capital Price Performance

Shares of BUR traded up $0.37 during mid-day trading on Friday, reaching $13.89. The company had a trading volume of 279,396 shares, compared to its average volume of 971,627. 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 $3.05 billion, a P/E ratio of 11.98 and a beta of 0.73. Burford Capital Limited has a twelve month low of $11.17 and a twelve month high of $16.37. The company's 50-day moving average is $13.57 and its 200-day moving average is $13.65.

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

Burford Capital Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid 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%.

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.