12,698 Shares in Burford Capital Limited (NYSE:BUR) Acquired by Xponance Inc.

Xponance Inc. acquired a new position in shares of Burford Capital Limited (NYSE:BUR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,698 shares of the company’s stock, valued at approximately $166,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BUR. Amalgamated Bank bought a new position in shares of Burford Capital during the 2nd quarter worth $90,000. ADAR1 Capital Management LLC bought a new position in Burford Capital during the 4th quarter worth about $165,000. Paloma Partners Management Co purchased a new position in Burford Capital during the 1st quarter valued at about $192,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Burford Capital in the 1st quarter valued at about $238,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Burford Capital in the 2nd quarter worth approximately $256,000.

Analyst Ratings Changes

Several brokerages recently issued reports on BUR. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burford Capital in a report on Friday, September 6th. They set a “buy” rating and a $18.00 price objective on the stock. Wedbush reiterated an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a report on Friday, August 9th. Finally, Jefferies Financial Group restated a “buy” rating and set a $22.50 price objective on shares of Burford Capital in a research note on Tuesday, July 2nd.

Burford Capital Trading Up 1.7 %

NYSE BUR opened at $13.06 on Thursday. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $16.77. The company has a 50 day moving average price of $13.20 and a 200 day moving average price of $14.03. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.86 billion, a PE ratio of 9.13 and a beta of 0.53.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). The business had revenue of $159.65 million for the quarter, compared to analyst estimates of $153.00 million. Burford Capital had a return on equity of 12.58% and a net margin of 45.81%. As a group, sell-side analysts forecast that Burford Capital Limited will post 1.1 EPS for the current fiscal year.

Burford Capital Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, December 5th. Shareholders of record on Friday, November 1st will be paid a $0.063 dividend. This represents a yield of 2%. The ex-dividend date is Friday, November 1st. Burford Capital’s dividend payout ratio (DPR) is presently 8.39%.

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.