Invesco Ltd. Grows Holdings in Burford Capital Limited $BUR

Invesco Ltd. boosted its holdings in shares of Burford Capital Limited (NYSE:BUR) by 34.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,078,537 shares of the company’s stock after purchasing an additional 1,551,357 shares during the period. Invesco Ltd. owned approximately 2.78% of Burford Capital worth $86,680,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aberdeen Group plc purchased a new position in shares of Burford Capital in the 2nd quarter valued at approximately $29,208,000. Capricorn Fund Managers Ltd lifted its holdings in shares of Burford Capital by 400.0% during the second quarter. Capricorn Fund Managers Ltd now owns 100,000 shares of the company’s stock worth $1,426,000 after purchasing an additional 80,000 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Burford Capital by 29.4% during the second quarter. JPMorgan Chase & Co. now owns 1,060,143 shares of the company’s stock worth $15,118,000 after purchasing an additional 240,738 shares during the period. Bandera Partners LLC grew its position in Burford Capital by 42.1% in the 2nd quarter. Bandera Partners LLC now owns 2,510,883 shares of the company’s stock valued at $35,805,000 after buying an additional 743,769 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Burford Capital in the 2nd quarter valued at $503,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BUR. Zacks Research downgraded shares of Burford Capital from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. B. Riley reiterated a “buy” rating and issued a $18.00 price objective (down previously from $20.00) on shares of Burford Capital in a research report on Tuesday, November 11th. Wall Street Zen lowered shares of Burford Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Wedbush reiterated an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a report on Thursday, August 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Burford Capital in a report on Monday. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.00.

Burford Capital Stock Up 2.5%

Shares of NYSE:BUR opened at $9.21 on Wednesday. The company has a quick ratio of 14.99, a current ratio of 14.99 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $2.02 billion, a P/E ratio of 24.25 and a beta of 0.57. Burford Capital Limited has a 52-week low of $8.19 and a 52-week high of $15.73. The stock’s fifty day simple moving average is $9.98 and its 200-day simple moving average is $12.01.

Burford Capital (NYSE:BUR) last announced its earnings results on Wednesday, November 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.39). Burford Capital had a net margin of 18.42% and a return on equity of 2.71%. The firm had revenue of $69.80 million during the quarter, compared to analyst estimates of $136.03 million. As a group, equities research analysts forecast that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, December 4th. Shareholders of record on Friday, October 31st were paid a $0.0625 dividend. This represents a yield of 125.0%. The ex-dividend date of this dividend was Friday, October 31st. Burford Capital’s payout ratio is presently 31.58%.

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.