Bank of Montreal Can Sells 152,685 Shares of Burford Capital Limited (NYSE:BUR)

Bank of Montreal Can lessened its holdings in Burford Capital Limited (NYSE:BUR) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,836,764 shares of the company’s stock after selling 152,685 shares during the quarter. Bank of Montreal Can’s holdings in Burford Capital were worth $36,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Burford Capital by 22.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company’s stock valued at $47,529,000 after acquiring an additional 691,269 shares during the last quarter. State Street Corp increased its stake in Burford Capital by 24.6% in the 3rd quarter. State Street Corp now owns 2,946,927 shares of the company’s stock worth $39,076,000 after purchasing an additional 582,514 shares during the period. Vanguard Group Inc. increased its stake in Burford Capital by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 1,429,089 shares of the company’s stock worth $18,243,000 after purchasing an additional 63,346 shares during the period. Emeth Value Capital LLC bought a new stake in Burford Capital in the fourth quarter valued at approximately $17,980,000. Finally, Proficio Capital Partners LLC boosted its stake in shares of Burford Capital by 553.8% during the fourth quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company’s stock valued at $12,280,000 after purchasing an additional 815,812 shares during the period.

Burford Capital Stock Down 5.5 %

Shares of NYSE BUR opened at $12.17 on Friday. The firm’s fifty day moving average is $13.98 and its 200 day moving average is $13.61. Burford Capital Limited has a 52 week low of $11.17 and a 52 week 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. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 10.49 and a beta of 0.73.

Burford Capital (NYSE:BUR) last released its quarterly earnings data on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.62). The firm had revenue of $65.69 million during the quarter, compared to analysts’ expectations of $219.38 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. On average, equities 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 disclosed 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%.

Insider Transactions at Burford Capital

In related news, insider David Perla sold 3,000 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 $43,830.00. Following the completion of the sale, the insider now owns 82,489 shares of the company’s stock, valued at $1,205,164.29. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher P. Bogart sold 90,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 452,185 shares in the company, valued at approximately $6,606,422.85. The trade was a 16.60 % 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. 0.19% of the stock is currently owned by 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.