Mirabella Financial Services LLP Invests $1.32 Million in Burford Capital Limited $BUR

Mirabella Financial Services LLP bought a new position in shares of Burford Capital Limited (NYSE:BUR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 110,000 shares of the company’s stock, valued at approximately $1,316,000. Mirabella Financial Services LLP owned 0.05% of Burford Capital as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Greenlea Lane Capital Management LLC grew its position in shares of Burford Capital by 325.4% in the second quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock valued at $45,724,000 after purchasing an additional 2,571,917 shares during the last quarter. Two Seas Capital LP acquired a new stake in Burford Capital during the 2nd quarter worth approximately $22,498,000. Invesco Ltd. boosted its stake in Burford Capital by 34.3% in the 2nd quarter. Invesco Ltd. now owns 6,078,537 shares of the company’s stock valued at $86,680,000 after purchasing an additional 1,551,357 shares during the period. Contrarian Capital Management L.L.C. boosted its stake in Burford Capital by 58.2% in the 3rd quarter. Contrarian Capital Management L.L.C. now owns 4,044,998 shares of the company’s stock valued at $48,378,000 after purchasing an additional 1,488,250 shares during the period. Finally, Millennium Management LLC grew its holdings in Burford Capital by 236.1% in the 3rd quarter. Millennium Management LLC now owns 1,579,823 shares of the company’s stock valued at $18,895,000 after buying an additional 1,109,718 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on BUR. Wedbush started coverage on Burford Capital in a research report on Friday, February 20th. They set an “outperform” rating and a $14.00 price objective on the stock. Bank of America started coverage on shares of Burford Capital in a research note on Wednesday, February 18th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Burford Capital in a research report on Monday, December 29th. Zacks Research cut shares of Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen lowered shares of Burford Capital from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, Burford Capital presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Burford Capital Stock Performance

NYSE:BUR opened at $8.22 on Friday. The stock has a fifty day moving average price of $9.11 and a 200-day moving average price of $9.97. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 0.21 and a beta of 0.66. The company has a debt-to-equity ratio of 0.68, a quick ratio of 10.93 and a current ratio of 10.93. Burford Capital Limited has a fifty-two week low of $7.52 and a fifty-two week high of $15.10.

Burford Capital Dividend Announcement

The business also recently declared 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 yield of 147.0%. The ex-dividend date of this dividend is Friday, May 22nd. Burford Capital’s payout ratio is 44.44%.

Burford Capital 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.