Zurcher Kantonalbank Zurich Cantonalbank Has $809,000 Position in Burford Capital Limited (NYSE:BUR)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Burford Capital Limited (NYSE:BUR) by 13.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 52,302 shares of the company’s stock after acquiring an additional 6,266 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Burford Capital were worth $809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hsbc Holdings PLC raised its position in Burford Capital by 9.1% in the third quarter. Hsbc Holdings PLC now owns 220,635 shares of the company’s stock worth $3,061,000 after purchasing an additional 18,384 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Burford Capital by 75.8% in the 3rd 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 during the period. Miura Global Management LLC raised its holdings in shares of Burford Capital by 7.1% in the 3rd quarter. Miura Global Management LLC now owns 830,000 shares of the company’s stock worth $11,620,000 after buying an additional 55,000 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Burford Capital by 3.9% during the 3rd quarter. Deutsche Bank AG now owns 196,532 shares of the company’s stock worth $2,751,000 after buying an additional 7,453 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Burford Capital in the 4th quarter valued at $180,000.

Burford Capital Price Performance

Burford Capital stock opened at $15.56 on Tuesday. The stock has a fifty day moving average price of $15.13 and a two-hundred day moving average price of $14.40. Burford Capital Limited has a 52-week low of $11.78 and a 52-week high of $17.70. The company has a current ratio of 9.53, a quick ratio of 9.53 and a debt-to-equity ratio of 0.48.

Burford Capital (NYSE:BUR) last posted its earnings results on Thursday, March 14th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). Burford Capital had a return on equity of 20.99% and a net margin of 56.17%. The firm had revenue of $292.57 million during the quarter, compared to the consensus estimate of $142.00 million. On average, equities research analysts anticipate that Burford Capital Limited will post 2.04 earnings per share for the current year.

Burford Capital Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be paid a $0.063 dividend. The ex-dividend date is Thursday, May 23rd. This represents a dividend yield of 1.7%. This is a boost from Burford Capital’s previous Semi-Annual dividend of $0.06. Burford Capital’s payout ratio is 4.38%.

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.