Invesco Ltd. Decreases Stock Position in Burford Capital Limited (NYSE:BUR)

Invesco Ltd. lowered its position in Burford Capital Limited (NYSE:BUR) by 39.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,492,952 shares of the company’s stock after selling 2,987,650 shares during the quarter. Invesco Ltd.’s holdings in Burford Capital were worth $57,285,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. FMR LLC increased its holdings in Burford Capital by 2,032.2% during the 3rd 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 last quarter. Claar Advisors LLC raised its holdings in Burford Capital by 22.7% in the third quarter. Claar Advisors LLC now owns 595,446 shares of the company’s stock valued at $7,896,000 after acquiring an additional 110,000 shares in the last quarter. State Street Corp boosted its stake in Burford Capital by 24.6% during the 3rd quarter. State Street Corp now owns 2,946,927 shares of the company’s stock valued at $39,076,000 after acquiring an additional 582,514 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Burford Capital in the 3rd quarter worth about $57,000. Finally, Virtu Financial LLC raised its stake in shares of Burford Capital by 30.6% in the 3rd quarter. Virtu Financial LLC now owns 19,288 shares of the company’s stock valued at $256,000 after purchasing an additional 4,524 shares in the last quarter.

Burford Capital Stock Up 4.3 %

NYSE:BUR opened at $13.22 on Tuesday. The stock has a 50-day simple moving average of $13.94 and a 200 day simple moving average of $13.61. Burford Capital Limited has a one year low of $11.17 and a one year high of $16.37. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 11.40 and a beta of 0.73. 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 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 firm had revenue of $65.69 million for 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%. Sell-side analysts predict that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given 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 dividend payout ratio is presently 18.46%.

Insider Buying and Selling

In other Burford Capital news, insider David Perla sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $43,830.00. Following the completion of the transaction, the insider now directly owns 82,489 shares of the company’s stock, valued at $1,205,164.29. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher P. Bogart sold 90,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $1,314,900.00. Following the completion of the sale, the chief executive officer now owns 452,185 shares in the company, valued at $6,606,422.85. The trade was a 16.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock worth $1,468,305 over the last quarter. 0.19% of the stock is owned by company insiders.

Burford Capital Company 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.