SG Americas Securities LLC Acquires Shares of 11,550 Burford Capital Limited (NYSE:BUR)

SG Americas Securities LLC acquired a new stake in shares of Burford Capital Limited (NYSE:BUR) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 11,550 shares of the company’s stock, valued at approximately $180,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its holdings in shares of Burford Capital by 9.1% in the third quarter. Hsbc Holdings PLC now owns 220,635 shares of the company’s stock valued at $3,061,000 after purchasing an additional 18,384 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Burford Capital by 75.8% in the third quarter. Public Employees Retirement System of Ohio now owns 105,950 shares of the company’s stock valued at $1,485,000 after purchasing an additional 45,693 shares in the last quarter. Miura Global Management LLC grew its holdings in shares of Burford Capital by 7.1% in the third quarter. Miura Global Management LLC now owns 830,000 shares of the company’s stock valued at $11,620,000 after purchasing an additional 55,000 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Burford Capital by 3.9% in the third quarter. Deutsche Bank AG now owns 196,532 shares of the company’s stock valued at $2,751,000 after purchasing an additional 7,453 shares in the last quarter. Finally, Anchor Investment Management LLC purchased a new position in shares of Burford Capital in the fourth quarter valued at $31,000.

Burford Capital Stock Down 7.6 %

BUR stock opened at $15.11 on Monday. The firm has a fifty day moving average price of $15.06 and a 200 day moving average price of $14.26. Burford Capital Limited has a fifty-two week low of $11.78 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.48, a current ratio of 9.53 and a quick ratio of 9.53.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The company had revenue of $292.57 million during the quarter, compared to the consensus estimate of $142.00 million. Burford Capital had a return on equity of 20.99% and a net margin of 56.17%. Sell-side analysts forecast that Burford Capital Limited will post 2.04 earnings per share for the current fiscal year.

Burford Capital Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a $0.063 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Burford Capital’s previous Semi-Annual dividend of $0.06. This represents a yield of 1.7%. Burford Capital’s dividend payout ratio (DPR) is currently 4.38%.

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.