952,705 Shares in Burford Capital Limited (NYSE:BUR) Bought by Breach Inlet Capital Management LLC

Breach Inlet Capital Management LLC purchased a new position in Burford Capital Limited (NYSE:BUR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 952,705 shares of the company’s stock, valued at approximately $12,147,000. Burford Capital comprises approximately 8.6% of Breach Inlet Capital Management LLC’s holdings, making the stock its 7th largest position. Breach Inlet Capital Management LLC owned 0.44% of Burford Capital at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BUR. Sunbelt Securities Inc. purchased a new position in Burford Capital during the 3rd quarter worth approximately $57,000. HM Payson & Co. purchased a new position in shares of Burford Capital during the fourth quarter worth $119,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Burford Capital by 54.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company’s stock worth $169,000 after purchasing an additional 4,670 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Burford Capital during the fourth quarter valued at $171,000. Finally, Xponance Inc. boosted its holdings in Burford Capital by 9.7% in the fourth quarter. Xponance Inc. now owns 14,381 shares of the company’s stock valued at $183,000 after purchasing an additional 1,272 shares during the last quarter.

Burford Capital Stock Performance

NYSE BUR opened at $11.92 on Friday. The firm has a market capitalization of $2.62 billion, a P/E ratio of 10.28 and a beta of 0.73. The stock has a 50-day simple moving average of $14.24 and a two-hundred day simple moving average of $13.66. 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 Limited has a fifty-two week low of $11.52 and a fifty-two week high of $16.77.

Burford Capital (NYSE:BUR) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.62). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The company had revenue of $65.69 million for the quarter, compared to analysts’ expectations of $219.38 million. On average, equities analysts forecast 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. Investors of record on Friday, May 23rd will be paid a $0.0625 dividend. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital’s dividend payout ratio is currently 18.46%.

Insider Buying and Selling

In other news, insider David Perla sold 3,000 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 transaction of $43,830.00. Following the transaction, the insider now owns 82,489 shares in the company, valued at $1,205,164.29. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Aviva O. Will sold 7,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $109,575.00. Following the completion of the sale, the president now directly owns 310,979 shares of the company’s stock, valued at approximately $4,543,403.19. The trade was a 2.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,500 shares of company stock valued at $1,468,305. Corporate insiders own 0.19% 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.