Intech Investment Management LLC Boosts Holdings in Burford Capital Limited (NYSE:BUR)

Intech Investment Management LLC increased its stake in shares of Burford Capital Limited (NYSE:BUR) by 265.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,935 shares of the company’s stock after acquiring an additional 52,974 shares during the quarter. Intech Investment Management LLC’s holdings in Burford Capital were worth $930,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BUR. Rhumbline Advisers increased its position in shares of Burford Capital by 0.4% during the fourth quarter. Rhumbline Advisers now owns 296,650 shares of the company’s stock worth $3,782,000 after purchasing an additional 1,249 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 worth $6,146,000 after buying an additional 1,746 shares during the last quarter. Swiss National Bank increased its position in Burford Capital by 0.5% during the fourth quarter. Swiss National Bank now owns 387,690 shares of the company’s stock worth $5,028,000 after buying an additional 2,093 shares during the period. Epacria Capital Partners LLC lifted its stake in Burford Capital by 20.9% in the third quarter. Epacria Capital Partners LLC now owns 23,291 shares of the company’s stock valued at $309,000 after buying an additional 4,019 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Burford Capital in the third quarter valued at approximately $57,000.

Burford Capital Stock Performance

Shares of BUR opened at $13.80 on Monday. The company’s 50 day simple moving average is $14.22 and its 200-day simple moving average is $13.64. Burford Capital Limited has a 12-month low of $12.07 and a 12-month high of $16.77. The firm has a market cap of $3.03 billion, a PE ratio of 11.90 and a beta of 0.44. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data 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). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The business had revenue of $65.69 million for the quarter, compared to analysts’ expectations of $219.38 million. As a group, equities analysts predict that Burford Capital Limited will post 1.28 EPS 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 given 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 (DPR) is presently 18.46%.

Insider Buying and Selling at Burford Capital

In other Burford Capital news, CEO Christopher P. Bogart sold 90,000 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $1,314,900.00. Following the transaction, the chief executive officer now directly owns 452,185 shares of the company’s stock, valued at approximately $6,606,422.85. The trade was a 16.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Perla sold 3,000 shares of the company’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 $43,830.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock valued at $1,468,305 in the last ninety days. Insiders own 0.19% of the company’s stock.

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.