Burford Capital Limited (NYSE:BUR) Given Consensus Rating of “Hold” by Brokerages

Shares of Burford Capital Limited (NYSE:BUR) have been given an average recommendation of “Hold” by the five research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.00.

BUR has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Burford Capital in a research report on Monday, December 29th. Zacks Research downgraded Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Bank of America initiated coverage on Burford Capital in a research note on Wednesday, February 18th. They set a “buy” rating on the stock. Wall Street Zen cut Burford Capital from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. Finally, Wedbush assumed coverage on Burford Capital in a research report on Friday, February 20th. They issued an “outperform” rating and a $14.00 price objective for the company.

Burford Capital Price Performance

NYSE:BUR opened at $7.92 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 10.93 and a quick ratio of 10.93. Burford Capital has a one year low of $7.52 and a one year high of $15.10. The company has a fifty day moving average price of $9.19 and a 200 day moving average price of $10.10. The stock has a market cap of $1.73 billion, a P/E ratio of 29.32, a PEG ratio of 0.20 and a beta of 0.66.

Burford Capital Announces Dividend

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

Institutional Investors Weigh In On Burford Capital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Orbis Allan Gray Ltd raised its stake in shares of Burford Capital by 31.1% in the 4th quarter. Orbis Allan Gray Ltd now owns 12,051,544 shares of the company’s stock valued at $107,500,000 after buying an additional 2,859,722 shares in the last quarter. Greenlea Lane Capital Management LLC boosted its position in shares of Burford Capital by 325.4% during the 2nd quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock valued at $45,724,000 after acquiring an additional 2,571,917 shares in the last quarter. Langdon Equity Partners acquired a new stake in shares of Burford Capital during the 4th quarter valued at about $19,661,000. Two Seas Capital LP bought a new stake in Burford Capital in the second quarter valued at about $22,498,000. Finally, Invesco Ltd. increased its stake in Burford Capital by 34.3% in the second quarter. Invesco Ltd. now owns 6,078,537 shares of the company’s stock valued at $86,680,000 after acquiring an additional 1,551,357 shares during the period.

Burford Capital Company Profile

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.