Allspring Global Investments Holdings LLC Acquires New Position in Burford Capital Limited (NYSE:BUR)

Allspring Global Investments Holdings LLC acquired a new stake in Burford Capital Limited (NYSE:BUR) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,889 shares of the company’s stock, valued at approximately $264,000.

Several other large investors have also bought and sold shares of the business. Blue Trust Inc. lifted its holdings in Burford Capital by 503.2% in the third quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock valued at $101,000 after buying an additional 6,481 shares during the period. AlphaMark Advisors LLC acquired a new stake in Burford Capital in the third quarter worth $334,000. Creative Planning raised its holdings in Burford Capital by 92.1% in the third quarter. Creative Planning now owns 22,255 shares of the company’s stock worth $295,000 after purchasing an additional 10,667 shares during the period. Clearline Capital LP acquired a new stake in Burford Capital in the second quarter worth $4,275,000. Finally, Annandale Capital LLC raised its holdings in Burford Capital by 11.9% in the second quarter. Annandale Capital LLC now owns 156,700 shares of the company’s stock worth $2,045,000 after purchasing an additional 16,700 shares during the period.

Burford Capital Stock Up 0.5 %

Shares of NYSE:BUR opened at $13.50 on Monday. Burford Capital Limited has a 12 month low of $12.07 and a 12 month high of $16.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 11.01 and a current ratio of 11.01. The company’s fifty day simple moving average is $13.34 and its 200 day simple moving average is $13.71.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). Burford Capital had a return on equity of 12.58% and a net margin of 45.81%. The company had revenue of $159.65 million for the quarter, compared to analyst estimates of $153.00 million. As a group, equities research analysts predict that Burford Capital Limited will post 1.09 earnings per share for the current fiscal year.

Burford Capital Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, December 5th. Investors of record on Friday, November 1st will be issued a dividend of $0.063 per share. The ex-dividend date is Friday, November 1st. This represents a dividend yield of 2%. Burford Capital’s payout ratio is 6.78%.

Wall Street Analysts Forecast Growth

BUR has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $18.00 target price on shares of Burford Capital in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burford Capital in a report on Friday, September 6th. They issued a “buy” rating and a $18.00 target price on the stock.

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.