20,000 Shares in Burford Capital Limited (NYSE:BUR) Bought by Arrowpoint Investment Partners Singapore Pte. Ltd.

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of Burford Capital Limited (NYSE:BUR) during the 4th quarter, HoldingsChannel reports. The firm purchased 20,000 shares of the company’s stock, valued at approximately $255,000.

Other hedge funds also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Burford Capital by 22.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company’s stock worth $47,529,000 after buying an additional 691,269 shares in the last quarter. Sycale Advisors NY LLC raised its holdings in Burford Capital by 5.3% in the fourth quarter. Sycale Advisors NY LLC now owns 2,157,950 shares of the company’s stock valued at $27,514,000 after acquiring an additional 107,983 shares in the last quarter. Vanguard Group Inc. lifted its stake in Burford Capital by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 1,429,089 shares of the company’s stock worth $18,243,000 after acquiring an additional 63,346 shares during the last quarter. Emeth Value Capital LLC purchased a new position in Burford Capital in the fourth quarter worth approximately $17,980,000. Finally, Northern Trust Corp grew its holdings in Burford Capital by 5.7% during the 4th quarter. Northern Trust Corp now owns 1,256,636 shares of the company’s stock worth $16,022,000 after acquiring an additional 67,929 shares in the last quarter.

Burford Capital Trading Up 0.2%

Shares of NYSE:BUR opened at $13.67 on Wednesday. Burford Capital Limited has a 52 week low of $11.17 and a 52 week high of $15.73. The company’s 50 day moving average is $13.52 and its two-hundred day moving average is $13.68. The company has a market cap of $2.99 billion, a PE ratio of 11.78 and a beta of 0.70. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54.

Burford Capital (NYSE:BUR) last issued its 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 firm 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%. Equities analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Cuts Dividend

The firm 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. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 1.8%. Burford Capital’s dividend payout ratio is currently 12.90%.

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.