Burford Capital Limited (NYSE:BUR) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of Burford Capital Limited (NYSE:BUR) by 265.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 72,935 shares of the company’s stock after acquiring an additional 52,974 shares during the period. Intech Investment Management LLC’s holdings in Burford Capital were worth $930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in Burford Capital during the 3rd quarter valued at about $57,000. HM Payson & Co. purchased a new position in shares of Burford Capital during the 4th quarter worth approximately $119,000. BBR Partners LLC purchased a new position in shares of Burford Capital during the 3rd quarter worth approximately $133,000. Steward Partners Investment Advisory LLC raised its position in shares of Burford Capital by 54.5% during the 4th 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. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Burford Capital in the 4th quarter valued at approximately $171,000.

Insider Activity at Burford Capital

In other Burford Capital news, CEO Christopher P. Bogart sold 90,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 452,185 shares of the company’s stock, valued at $6,606,422.85. This represents a 16.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Aviva O. Will sold 7,500 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $109,575.00. Following the sale, the president now owns 310,979 shares in the company, valued at $4,543,403.19. This trade represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,500 shares of company stock valued at $1,468,305. Company insiders own 0.19% of the company’s stock.

Burford Capital Stock Performance

Burford Capital stock opened at $13.80 on Monday. Burford Capital Limited has a fifty-two week low of $12.07 and a fifty-two week high of $16.77. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 11.90 and a beta of 0.44. The stock has a fifty day moving average of $14.22 and a two-hundred day moving average of $13.64. 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 (NYSE:BUR) last posted its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.62). The company had revenue of $65.69 million for the quarter, compared to analysts’ expectations of $219.38 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. On average, analysts anticipate that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.0625 per share. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital’s 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.