Burford Capital Limited (NYSE:BUR) is Greenhaven Road Investment Management L.P.’s 5th Largest Position

Greenhaven Road Investment Management L.P. cut its stake in Burford Capital Limited (NYSE:BUR) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,607,622 shares of the company’s stock after selling 15,000 shares during the period. Burford Capital comprises about 3.3% of Greenhaven Road Investment Management L.P.’s holdings, making the stock its 5th largest holding. Greenhaven Road Investment Management L.P.’s holdings in Burford Capital were worth $20,497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in shares of Burford Capital by 3.7% in the 4th quarter. Russell Investments Group Ltd. now owns 24,888 shares of the company’s stock valued at $317,000 after buying an additional 888 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Burford Capital by 0.4% in the 4th quarter. Rhumbline Advisers now owns 296,650 shares of the company’s stock valued at $3,782,000 after purchasing an additional 1,249 shares during the period. Xponance Inc. lifted its stake in Burford Capital by 9.7% in the fourth quarter. Xponance Inc. now owns 14,381 shares of the company’s stock valued at $183,000 after buying an additional 1,272 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Burford Capital by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 20,962 shares of the company’s stock valued at $267,000 after acquiring an additional 1,331 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Burford Capital by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 482,061 shares of the company’s stock valued at $6,146,000 after buying an additional 1,746 shares during the last quarter.

Insider Transactions at Burford Capital

In related news, President Aviva O. Will sold 7,500 shares of the company’s 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 $109,575.00. Following the sale, the president now owns 310,979 shares of the company’s stock, valued at approximately $4,543,403.19. This represents a 2.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher P. Bogart sold 90,000 shares of the business’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 $1,314,900.00. Following the completion of the transaction, the chief executive officer now directly owns 452,185 shares of the company’s stock, valued at approximately $6,606,422.85. This trade represents a 16.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock valued at $1,468,305 in the last ninety days. 0.19% of the stock is currently owned by company insiders.

Burford Capital Stock Up 0.1 %

Burford Capital stock opened at $13.86 on Friday. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 11.95 and a beta of 0.73. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $13.88 and a two-hundred day moving average of $13.61. Burford Capital Limited has a twelve month low of $11.17 and a twelve month high of $16.37.

Burford Capital (NYSE:BUR) last released its earnings results on Monday, March 3rd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.56 by ($0.62). The firm had revenue of $65.69 million during the quarter, compared to analyst estimates of $219.38 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. As a group, research analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

The firm also recently announced 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 is Friday, May 23rd. Burford Capital’s dividend payout ratio (DPR) is currently 18.46%.

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.