HM Payson & Co. Invests $119,000 in Burford Capital Limited (NYSE:BUR)

HM Payson & Co. acquired a new position in Burford Capital Limited (NYSE:BUR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,301 shares of the company’s stock, valued at approximately $119,000.

A number of other institutional investors have also made changes to their positions in BUR. Sunbelt Securities Inc. bought a new position in shares of Burford Capital in the third quarter worth about $57,000. Covestor Ltd increased its stake in shares of Burford Capital by 27.6% in the third quarter. Covestor Ltd now owns 8,527 shares of the company’s stock worth $113,000 after purchasing an additional 1,842 shares during the period. BBR Partners LLC bought a new position in shares of Burford Capital in the third quarter worth about $133,000. Steward Partners Investment Advisory LLC increased its stake in shares of 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 purchasing an additional 4,670 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new position in Burford Capital during the fourth quarter valued at about $171,000.

Insider Activity at Burford Capital

In other news, insider David Perla sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 82,489 shares of the company’s stock, valued at approximately $1,205,164.29. This represents a 3.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Aviva O. Will sold 7,500 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $109,575.00. Following the completion of the transaction, the president now directly owns 310,979 shares of the company’s stock, valued at approximately $4,543,403.19. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,500 shares of company stock worth $1,468,305 over the last three months. Company insiders own 0.19% of the company’s stock.

Burford Capital Trading Down 1.5 %

Shares of BUR opened at $13.50 on Monday. Burford Capital Limited has a 12-month low of $12.07 and a 12-month 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 firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 11.64 and a beta of 0.44. The stock’s 50-day moving average price is $14.07 and its 200 day moving average price is $13.62.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.62). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The firm had revenue of $65.69 million for the quarter, compared to the consensus estimate of $219.38 million. As a group, research analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.0625 per share. The ex-dividend date is Friday, May 23rd. This represents a yield of 1.8%. Burford Capital’s dividend payout ratio is 18.46%.

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.