Burford Capital (BUR) Projected to Post Earnings on Thursday

Burford Capital (NYSE:BUR) is expected to post its quarterly earnings results before the market opens on Thursday, March 13th. Analysts expect Burford Capital to post earnings of $0.56 per share and revenue of $219.38 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.62). The company 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, analysts expect Burford Capital to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Burford Capital Stock Performance

Shares of BUR stock opened at $13.31 on Wednesday. The stock has a market capitalization of $2.92 billion, a PE ratio of 11.47 and a beta of 0.44. Burford Capital has a 52-week low of $12.07 and a 52-week high of $16.77. The stock’s 50-day moving average price is $14.09 and its 200 day moving average price is $13.62. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54.

Burford Capital Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued 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 at Burford Capital

In other Burford Capital news, insider David Perla sold 3,000 shares of Burford Capital 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 $43,830.00. Following the sale, the insider now owns 82,489 shares of the company’s stock, valued at approximately $1,205,164.29. The trade was a 3.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Aviva O. Will sold 7,500 shares of Burford Capital stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $109,575.00. Following the completion of the sale, the president now directly owns 310,979 shares in the company, valued at $4,543,403.19. This represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,500 shares of company stock valued at $1,468,305. 0.19% of the stock is owned by corporate 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.