Pilgrim Partners Asia Pte Ltd Purchases New Position in Burford Capital Limited (NYSE:BUR)

Pilgrim Partners Asia Pte Ltd acquired a new position in Burford Capital Limited (NYSE:BUR) in the 4th quarter, Holdings Channel reports. The firm acquired 125,000 shares of the company’s stock, valued at approximately $1,594,000. Burford Capital makes up 1.4% of Pilgrim Partners Asia Pte Ltd’s holdings, making the stock its 19th biggest holding.

Several other large investors have also bought and sold shares of BUR. Intech Investment Management LLC bought a new stake in shares of Burford Capital during the 3rd quarter valued at $265,000. Charles Schwab Investment Management Inc. boosted its stake in Burford Capital by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company’s stock worth $6,369,000 after acquiring an additional 2,277 shares in the last quarter. FMR LLC grew its holdings in Burford Capital by 2,032.2% in the third quarter. FMR LLC now owns 23,284 shares of the company’s stock worth $308,000 after purchasing an additional 22,192 shares during the period. MetLife Investment Management LLC increased its stake in shares of Burford Capital by 129.1% during the third quarter. MetLife Investment Management LLC now owns 116,066 shares of the company’s stock valued at $1,539,000 after purchasing an additional 65,398 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Burford Capital during the third quarter valued at approximately $375,000.

Insider Buying and Selling at Burford Capital

In other Burford Capital news, CEO Christopher P. Bogart sold 90,000 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 $1,314,900.00. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Perla sold 3,000 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $43,830.00. Following the transaction, the insider now directly owns 82,489 shares in the company, valued at $1,205,164.29. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,500 shares of company stock worth $1,468,305. Insiders own 0.19% of the company’s stock.

Burford Capital Stock Performance

Burford Capital stock opened at $11.92 on Friday. The stock’s 50 day moving average is $14.24 and its 200 day moving average is $13.66. The company has a market capitalization of $2.62 billion, a P/E ratio of 10.28 and a beta of 0.73. Burford Capital Limited has a twelve month low of $11.52 and a twelve month high of $16.77. 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 (NYSE:BUR) last issued 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 the consensus estimate of $219.38 million. On average, equities research analysts predict that Burford Capital Limited will post 1.28 earnings per share 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 issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital’s payout ratio is currently 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.