Geode Capital Management LLC Cuts Stock Holdings in Burford Capital Limited (NYSE:BUR)

Geode Capital Management LLC decreased its position in Burford Capital Limited ( NYSE:BUR – Free Report ) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,395,598 shares of the company’s stock after selling 16,916 shares during the quarter.

Geode Capital Management LLC’s holdings in Burford Capital were worth $30,544,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its holdings in Burford Capital by 2,032.



2% during the third quarter. FMR LLC now owns 23,284 shares of the company’s stock worth $308,000 after purchasing an additional 22,192 shares during the last quarter. Claar Advisors LLC boosted its stake in shares of Burford Capital by 22.

7% in the 3rd quarter. Claar Advisors LLC now owns 595,446 shares of the company’s stock worth $7,896,000 after buying an additional 110,000 shares during the last quarter. State Street Corp boosted its stake in shares of Burford Capital by 24.

6% in the 3rd quarter. State Street Corp now owns 2,946,927 shares of the company’s stock worth $39,076,000 after buying an additional 582,514 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of Burford Capital by 30.

6% in the third quarter. Virtu Financial LLC now owns 19,288 shares of the company’s stock valued at $256,000 after acquiring an additional 4,524 shares in the last quarter. Finally, JPMorgan Chase & Co.

increased its position in shares of Burford Capital by 12.2% during the third quarter. JPMorgan Chase & Co.

now owns 279,427 shares of the company’s stock valued at $3,705,000 after acquiring an additional 30,355 shares during the last quarter. Insider Activity In other Burford Capital news, President Aviva O. Will sold 7,500 shares of the stock in a transaction on Tuesday, January 28th.

The stock was sold at an average price of $14.61, for a total transaction of $109,575.00.

Following the completion of the transaction, the president now directly owns 310,979 shares of the company’s stock, valued at approximately $4,543,403.19. This represents a 2.

35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, CEO Christopher P.

Bogart sold 90,000 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 452,185 shares of the company’s stock, valued at $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 in the last three months. Company insiders own 0.19% of the company’s stock.

Burford Capital Stock Performance Burford Capital ( NYSE:BUR – Get Free Report ) last released its earnings results on Monday, March 3rd. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.

56 by ($0.62). The business had revenue of $65.

69 million for the quarter, compared to the consensus estimate of $219.38 million. Burford Capital had a return on equity of 8.

07% and a net margin of 34.81%. As a group, analysts anticipate that Burford Capital Limited will post 1.

28 EPS for the current year. Burford Capital Cuts Dividend The business also recently announced a semi-annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.

0625 per share. This represents a dividend yield of 1.8%.

The ex-dividend date is Friday, May 23rd. Burford Capital’s dividend payout ratio is currently 18.46%.

Burford Capital Profile ( Free Report ) 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.

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