Aristides Capital LLC Purchases 6,050 Shares of Burford Capital Limited (NYSE:BUR)

Aristides Capital LLC grew its position in Burford Capital Limited (NYSE:BUR) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,050 shares of the company’s stock after purchasing an additional 6,050 shares during the period. Aristides Capital LLC’s holdings in Burford Capital were worth $715,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in Burford Capital by 3.7% in the 4th quarter. Russell Investments Group Ltd. now owns 24,888 shares of the company’s stock valued at $317,000 after buying an additional 888 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Burford Capital by 0.4% in the fourth quarter. Rhumbline Advisers now owns 296,650 shares of the company’s stock worth $3,782,000 after purchasing an additional 1,249 shares in the last quarter. Xponance Inc. boosted its holdings in Burford Capital by 9.7% during the fourth quarter. Xponance Inc. now owns 14,381 shares of the company’s stock worth $183,000 after purchasing an additional 1,272 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Burford Capital by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 482,061 shares of the company’s stock valued at $6,146,000 after purchasing an additional 1,746 shares in the last quarter. Finally, Swiss National Bank increased its stake in Burford Capital by 0.5% in the 4th quarter. Swiss National Bank now owns 387,690 shares of the company’s stock valued at $5,028,000 after buying an additional 2,093 shares during the last quarter.

Insiders Place Their Bets

In other Burford Capital news, insider David Perla sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $43,830.00. Following the transaction, the insider now owns 82,489 shares of the company’s stock, valued at $1,205,164.29. The trade was a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Aviva O. Will sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $109,575.00. Following the completion of the sale, 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. Over the last three months, insiders have sold 100,500 shares of company stock valued at $1,468,305. 0.19% of the stock is currently owned by corporate insiders.

Burford Capital Trading Down 6.6 %

Burford Capital stock opened at $11.92 on Friday. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 10.28 and a beta of 0.73. The firm has a 50-day moving average of $14.24 and a 200-day moving average of $13.67. 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 Limited has a one year low of $11.52 and a one year high of $16.77.

Burford Capital (NYSE:BUR) last issued 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 company 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%. On average, equities analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Cuts Dividend

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