Federated Hermes Inc. Cuts Stock Position in Burford Capital Limited (NYSE:BUR)

Federated Hermes Inc. cut its holdings in Burford Capital Limited (NYSE:BUR) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 862,294 shares of the company’s stock after selling 21,634 shares during the quarter. Federated Hermes Inc.’s holdings in Burford Capital were worth $13,452,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BUR. Teacher Retirement System of Texas increased its position in shares of Burford Capital by 36.3% in the third quarter. Teacher Retirement System of Texas now owns 6,135,000 shares of the company’s stock valued at $85,890,000 after buying an additional 1,635,000 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Burford Capital by 304.2% during the third quarter. Acadian Asset Management LLC now owns 384,570 shares of the company’s stock worth $5,371,000 after purchasing an additional 289,416 shares in the last quarter. Greenhaven Road Investment Management L.P. increased its position in shares of Burford Capital by 19.9% during the third quarter. Greenhaven Road Investment Management L.P. now owns 1,582,622 shares of the company’s stock worth $22,157,000 after purchasing an additional 262,235 shares in the last quarter. Claar Advisors LLC purchased a new stake in shares of Burford Capital during the third quarter worth approximately $3,632,000. Finally, Exane Asset Management increased its position in shares of Burford Capital by 158.8% during the third quarter. Exane Asset Management now owns 360,391 shares of the company’s stock worth $4,973,000 after purchasing an additional 221,110 shares in the last quarter.

Burford Capital Stock Up 1.7 %

Shares of BUR opened at $14.92 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 9.53 and a current ratio of 9.53. Burford Capital Limited has a one year low of $11.78 and a one year high of $17.70. The stock has a market capitalization of $3.27 billion and a price-to-earnings ratio of 5.44. The stock has a 50 day moving average price of $15.10 and a 200 day moving average price of $14.32.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.45 EPS 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 for the quarter, compared to analysts’ expectations of $142.00 million. Equities research analysts forecast that Burford Capital Limited will post 2.04 earnings per share for the current fiscal year.

Burford Capital Increases Dividend

The company 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 dividend of $0.063 per share. This represents a dividend yield of 1.7%. This is a boost from Burford Capital’s previous Semi-Annual dividend of $0.06. The ex-dividend date of this dividend is Thursday, May 23rd. Burford Capital’s payout ratio is presently 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.