Burford Capital Limited (NYSE:BUR) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC trimmed its holdings in Burford Capital Limited (NYSE:BUR) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 342,950 shares of the company’s stock after selling 10,365 shares during the period. Horizon Kinetics Asset Management LLC owned about 0.16% of Burford Capital worth $4,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in shares of Burford Capital during the 3rd quarter valued at approximately $57,000. HM Payson & Co. acquired a new stake in shares of Burford Capital during the 4th quarter valued at approximately $119,000. BBR Partners LLC acquired a new stake in shares of Burford Capital during the 3rd quarter valued at approximately $133,000. Steward Partners Investment Advisory LLC raised its position in shares of Burford Capital by 54.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,242 shares of the company’s stock valued at $169,000 after acquiring an additional 4,670 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Burford Capital during the 4th quarter valued at approximately $171,000.

Burford Capital Stock Performance

BUR stock opened at $13.58 on Monday. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.98 billion, a P/E ratio of 11.70 and a beta of 0.44. Burford Capital Limited has a 12-month low of $12.07 and a 12-month high of $16.77. The stock’s 50 day simple moving average is $14.12 and its 200 day simple moving average is $13.62.

Burford Capital (NYSE:BUR) last posted 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). The firm had revenue of $65.69 million for 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 research analysts predict that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Cuts Dividend

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

Insider Buying and Selling at Burford Capital

In other news, President Aviva O. Will sold 7,500 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 transaction of $109,575.00. Following the transaction, the president now directly owns 310,979 shares of the company’s stock, valued at approximately $4,543,403.19. This trade represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Perla sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $43,830.00. Following the transaction, the insider now directly owns 82,489 shares in the company, valued at $1,205,164.29. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,500 shares of company stock worth $1,468,305. 0.19% of the stock is 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.