Burford Capital Limited (NYSE:BUR) Position Trimmed by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. cut its position in shares of Burford Capital Limited (NYSE:BUR) by 45.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,291 shares of the company’s stock after selling 345,766 shares during the period. Balyasny Asset Management L.P. owned 0.19% of Burford Capital worth $5,308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sterling Capital Management LLC boosted its stake in shares of Burford Capital by 820.4% during the 4th quarter. Sterling Capital Management LLC now owns 6,314 shares of the company’s stock worth $81,000 after acquiring an additional 5,628 shares in the last quarter. HM Payson & Co. bought a new stake in shares of Burford Capital during the 4th quarter worth $119,000. Mariner LLC acquired a new position in Burford Capital in the 4th quarter valued at $142,000. Schonfeld Strategic Advisors LLC acquired a new position in Burford Capital in the 4th quarter valued at $167,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in Burford Capital by 54.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company’s stock worth $169,000 after acquiring an additional 4,670 shares during the period.

Burford Capital Stock Down 1.1 %

BUR stock opened at $13.79 on Friday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 11.89 and a beta of 0.70. The company has a 50-day moving average of $13.44 and a two-hundred day moving average of $13.66. Burford Capital Limited has a 52-week low of $11.17 and a 52-week high of $15.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). The business had revenue of $118.86 million for the quarter, compared to analyst estimates of $157.00 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. As a group, equities research analysts anticipate that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, June 13th. Stockholders 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 currently 12.90%.

Burford Capital 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.