125,000 Shares in Burford Capital Limited (NYSE:BUR) Acquired by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd bought a new stake in Burford Capital Limited (NYSE:BUR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 125,000 shares of the company’s stock, valued at approximately $1,594,000. Burford Capital makes up about 1.4% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 19th biggest position. Pilgrim Partners Asia Pte Ltd owned about 0.06% of Burford Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of BUR. Emeth Value Capital LLC bought a new position in shares of Burford Capital during the 4th quarter valued at about $17,980,000. Proficio Capital Partners LLC grew its position in Burford Capital by 553.8% during the fourth quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company’s stock valued at $12,280,000 after acquiring an additional 815,812 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Burford Capital by 22.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company’s stock worth $47,529,000 after acquiring an additional 691,269 shares in the last quarter. State Street Corp lifted its holdings in shares of Burford Capital by 24.6% in the 3rd quarter. State Street Corp now owns 2,946,927 shares of the company’s stock worth $39,076,000 after acquiring an additional 582,514 shares during the last quarter. Finally, Rovida Investment Management Ltd bought a new stake in shares of Burford Capital in the 4th quarter worth approximately $7,449,000.

Burford Capital Price Performance

BUR stock opened at $11.92 on Friday. 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 cap of $2.62 billion, a P/E ratio of 10.28 and a beta of 0.73. The firm’s fifty day moving average is $14.24 and its 200 day moving average is $13.66. Burford Capital Limited has a 52 week low of $11.52 and a 52 week high of $16.77.

Burford Capital (NYSE:BUR) last released its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.56 by ($0.62). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The company had revenue of $65.69 million during the quarter, compared to analysts’ expectations of $219.38 million. Research analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be issued a $0.0625 dividend. This represents a dividend yield of 1.8%. The ex-dividend date is Friday, May 23rd. Burford Capital’s dividend payout ratio is 18.46%.

Insider Buying and Selling

In other Burford Capital news, President Aviva O. Will sold 7,500 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were 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 in the company, valued at approximately $4,543,403.19. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher P. Bogart sold 90,000 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $1,314,900.00. Following the sale, the chief executive officer now owns 452,185 shares of the company’s stock, valued at approximately $6,606,422.85. This represents a 16.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock valued at $1,468,305 over the last three months. 0.19% of the stock is owned by company insiders.

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.