33,568 Shares in Burford Capital Limited (NYSE:BUR) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Burford Capital Limited (NYSE:BUR) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 33,568 shares of the company’s stock, valued at approximately $438,000.

Several other large investors also recently made changes to their positions in the stock. Mithaq Capital SPC acquired a new position in shares of Burford Capital during the fourth quarter worth approximately $355,631,000. Teacher Retirement System of Texas increased its holdings in Burford Capital by 9.2% in the fourth quarter. Teacher Retirement System of Texas now owns 6,700,000 shares of the company’s stock valued at $104,520,000 after purchasing an additional 565,000 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Burford Capital by 112.7% in the first quarter. Baillie Gifford & Co. now owns 1,327,511 shares of the company’s stock valued at $20,845,000 after buying an additional 703,518 shares during the period. Onex Canada Asset Management Inc. boosted its holdings in Burford Capital by 4.5% during the fourth quarter. Onex Canada Asset Management Inc. now owns 1,202,128 shares of the company’s stock worth $18,753,000 after buying an additional 51,483 shares during the last quarter. Finally, M&G Plc acquired a new position in Burford Capital during the first quarter valued at approximately $18,108,000.

Burford Capital Trading Down 0.7 %

Burford Capital stock traded down $0.09 during mid-day trading on Monday, reaching $13.41. 534,024 shares of the company traded hands, compared to its average volume of 960,800. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.55. Burford Capital Limited has a 52-week low of $12.07 and a 52-week high of $16.77. The firm’s 50 day moving average price is $13.34 and its 200 day moving average price is $13.71.

Burford Capital (NYSE:BUR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.10). Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. The company had revenue of $159.65 million for the quarter, compared to the consensus estimate of $153.00 million. On average, sell-side analysts anticipate 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. Stockholders of record on Friday, November 1st will be issued a dividend of $0.063 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a dividend yield of 2%. Burford Capital’s dividend payout ratio (DPR) is currently 6.78%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BUR. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burford Capital in a research note on Friday, September 6th. They issued a “buy” rating and a $18.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $18.00 target price on shares of Burford Capital in a research report on Friday, August 9th.

About Burford Capital

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.