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

Aristides Capital LLC lifted its position in shares of 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. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in BUR. Sunbelt Securities Inc. acquired a new position in Burford Capital in the 3rd quarter valued at $57,000. HM Payson & Co. bought a new stake in shares of Burford Capital in the fourth quarter valued at about $119,000. Steward Partners Investment Advisory LLC grew 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 valued at $169,000 after acquiring an additional 4,670 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Burford Capital during the fourth quarter worth about $171,000. Finally, Xponance Inc. raised its stake in Burford Capital by 9.7% in the 4th quarter. Xponance Inc. now owns 14,381 shares of the company’s stock worth $183,000 after purchasing an additional 1,272 shares in the last quarter.

Burford Capital Stock Performance

Shares of NYSE:BUR opened at $11.92 on Friday. Burford Capital Limited has a 12-month low of $11.52 and a 12-month high of $16.77. The company’s 50 day moving average price is $14.24 and its two-hundred day moving average price is $13.67. The firm has a market cap of $2.62 billion, a PE ratio of 10.28 and a beta of 0.73. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54.

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 analysts’ consensus estimates of $0.56 by ($0.62). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The company had revenue of $65.69 million for the quarter, compared to analyst estimates of $219.38 million. Equities research analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Cuts Dividend

The business 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 $0.0625 dividend. This represents a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd. Burford Capital’s dividend payout ratio (DPR) is presently 18.46%.

Insider Buying and Selling

In other news, insider David Perla sold 3,000 shares of the business’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 $43,830.00. Following the completion of the transaction, the insider now owns 82,489 shares of the company’s stock, valued at approximately $1,205,164.29. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher P. Bogart sold 90,000 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $1,314,900.00. Following the sale, the chief executive officer now owns 452,185 shares of the company’s stock, valued at approximately $6,606,422.85. This represents a 16.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,500 shares of company stock valued at $1,468,305 over the last quarter. 0.19% of the stock is owned by company insiders.

About Burford Capital

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.