Burford Capital Limited (NYSE:BUR) Given Average Recommendation of “Hold” by Analysts

Shares of Burford Capital Limited (NYSE:BUR) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.00.

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Burford Capital in a research report on Friday, March 27th. Bank of America assumed coverage on shares of Burford Capital in a research report on Wednesday, February 18th. They issued a “buy” rating for the company. Wedbush reaffirmed a “neutral” rating and issued a $4.75 price objective (down from $6.00) on shares of Burford Capital in a research report on Monday, March 30th. Zacks Research downgraded shares of Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Burford Capital from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC grew its position in shares of Burford Capital by 1,687.7% during the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after acquiring an additional 2,751 shares during the period. Strs Ohio bought a new position in shares of Burford Capital during the 1st quarter valued at approximately $55,000. Quadrant Capital Group LLC bought a new position in shares of Burford Capital during the 4th quarter valued at approximately $53,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Burford Capital during the 3rd quarter valued at approximately $120,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Burford Capital during the 3rd quarter valued at approximately $124,000.

Burford Capital Trading Down 0.2%

Shares of BUR stock opened at $4.53 on Thursday. Burford Capital has a 52-week low of $3.59 and a 52-week high of $15.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 10.93 and a current ratio of 10.93. The company has a 50-day simple moving average of $7.95 and a two-hundred day simple moving average of $9.22. The company has a market capitalization of $992.05 million, a price-to-earnings ratio of 16.79 and a beta of 1.29.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.54). Burford Capital had a return on equity of 1.97% and a net margin of 15.14%.The firm had revenue of $48.78 million during the quarter, compared to the consensus estimate of $168.30 million. Research analysts anticipate that Burford Capital will post 1.28 EPS for the current fiscal year.

Burford Capital Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.0625 per share. This represents a dividend yield of 147.0%. The ex-dividend date of this dividend is Friday, May 22nd. Burford Capital’s dividend payout ratio is currently 44.44%.

About Burford Capital

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.