Burford Capital Limited (NYSE:BUR) Shares Sold by LGT Group Foundation

LGT Group Foundation reduced its holdings in Burford Capital Limited (NYSE:BUR) by 54.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,100 shares of the company’s stock after selling 27,370 shares during the period. LGT Group Foundation’s holdings in Burford Capital were worth $365,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Burford Capital by 12.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,036 shares of the company’s stock valued at $636,000 after purchasing an additional 5,251 shares during the last quarter. Helikon Investments Ltd raised its position in shares of Burford Capital by 5.8% during the 3rd quarter. Helikon Investments Ltd now owns 1,581,929 shares of the company’s stock worth $22,147,000 after buying an additional 86,888 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Burford Capital by 36.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 6,135,000 shares of the company’s stock worth $85,890,000 after buying an additional 1,635,000 shares in the last quarter. Banque Pictet & Cie SA raised its position in shares of Burford Capital by 0.8% during the 3rd quarter. Banque Pictet & Cie SA now owns 7,708,327 shares of the company’s stock worth $106,409,000 after buying an additional 60,600 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Burford Capital by 259.7% during the 3rd quarter. New York State Common Retirement Fund now owns 12,114 shares of the company’s stock worth $170,000 after buying an additional 8,746 shares in the last quarter.

Burford Capital Price Performance

BUR stock opened at $15.84 on Friday. Burford Capital Limited has a 52 week low of $11.78 and a 52 week high of $17.70. The firm’s 50-day moving average is $15.16 and its two-hundred day moving average is $14.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 9.53 and a current ratio of 9.53.

Burford Capital (NYSE:BUR) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). The business had revenue of $292.57 million during the quarter, compared to analyst estimates of $142.00 million. Burford Capital had a return on equity of 20.99% and a net margin of 56.17%. Equities research analysts expect that Burford Capital Limited will post 2.04 EPS for the current fiscal year.

Burford Capital Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be paid a $0.063 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a dividend yield of 1.7%. This is a boost from Burford Capital’s previous Semi-Annual dividend of $0.06. Burford Capital’s payout ratio is currently 4.38%.

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.