Rhumbline Advisers Buys Shares of 294,532 Burford Capital Limited (NYSE:BUR)

Rhumbline Advisers purchased a new position in Burford Capital Limited (NYSE:BUR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 294,532 shares of the company’s stock, valued at approximately $3,844,000.

A number of other large investors have also added to or reduced their stakes in the stock. ADAR1 Capital Management LLC purchased a new stake in shares of Burford Capital during the fourth quarter valued at $165,000. Paloma Partners Management Co purchased a new position in shares of Burford Capital during the 1st quarter worth $192,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Burford Capital during the 1st quarter valued at about $238,000. Principal Financial Group Inc. bought a new position in Burford Capital in the 2nd quarter worth $256,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of Burford Capital in the first quarter worth about $316,000.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wedbush reissued an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a report on Friday, August 9th. Jefferies Financial Group reissued a “buy” rating and issued a $22.50 target price on shares of Burford Capital in a report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Burford Capital in a research report on Friday, September 6th. They set a “buy” rating and a $18.00 price objective for the company.

Burford Capital Trading Down 0.7 %

Shares of BUR opened at $13.24 on Tuesday. The company has a market cap of $2.90 billion, a P/E ratio of 9.26 and a beta of 0.53. The company has a current ratio of 11.01, a quick ratio of 11.01 and a debt-to-equity ratio of 0.55. Burford Capital Limited has a twelve month low of $12.07 and a twelve month high of $16.77. The company’s fifty day simple moving average is $13.29 and its 200-day simple moving average is $14.11.

Burford Capital (NYSE:BUR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.10). The business had revenue of $159.65 million during the quarter, compared to the consensus estimate of $153.00 million. Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. As a group, analysts expect that Burford Capital Limited will post 1.1 EPS for the current year.

Burford Capital Dividend Announcement

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, December 5th. Shareholders of record on Friday, November 1st will be paid a $0.063 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a yield of 2%. Burford Capital’s dividend payout ratio (DPR) is presently 8.39%.

Burford Capital 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.