Lido Advisors LLC Makes New Investment in Burford Capital Limited (NYSE:BUR)

Lido Advisors LLC purchased a new stake in Burford Capital Limited (NYSE:BUR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 14,126 shares of the company’s stock, valued at approximately $180,000.

A number of other institutional investors have also modified their holdings of the business. Sterling Capital Management LLC boosted its stake in Burford Capital by 820.4% in the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company’s stock valued at $81,000 after acquiring an additional 5,628 shares during the period. HM Payson & Co. bought a new position in Burford Capital during the 4th quarter worth $119,000. Mariner LLC acquired a new stake in Burford Capital in the fourth quarter worth $142,000. Steward Partners Investment Advisory LLC increased its position in Burford Capital by 54.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company’s stock worth $169,000 after buying an additional 4,670 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new stake in Burford Capital in the fourth quarter valued at $171,000.

Burford Capital Stock Down 0.7 %

Burford Capital stock opened at $13.85 on Wednesday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 11.94 and a beta of 0.70. The company has a 50-day simple moving average of $13.47 and a 200-day simple moving average of $13.66. Burford Capital Limited has a one year low of $11.17 and a one year high of $16.18. 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 announced its quarterly 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 net margin of 34.81% and a return on equity of 8.07%. As a group, equities 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 declared a semi-annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital’s dividend payout ratio (DPR) is presently 18.46%.

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.