Elo Mutual Pension Insurance Co Invests $352,000 in Burford Capital Limited (NYSE:BUR)

Elo Mutual Pension Insurance Co acquired a new stake in shares of Burford Capital Limited (NYSE:BUR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 26,993 shares of the company’s stock, valued at approximately $352,000.

A number of other hedge funds also recently bought and sold shares of the business. Amalgamated Bank acquired a new position in shares of Burford Capital during the 2nd quarter worth approximately $90,000. ADAR1 Capital Management LLC purchased a new stake in Burford Capital in the 4th quarter valued at $165,000. Paloma Partners Management Co acquired a new stake in shares of Burford Capital in the 1st quarter worth $192,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Burford Capital in the 1st quarter worth $238,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Burford Capital during the 2nd quarter worth $256,000.

Analyst Ratings Changes

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

Burford Capital Stock Down 2.7 %

Shares of NYSE:BUR opened at $13.32 on Friday. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 9.31 and a beta of 0.53. Burford Capital Limited has a 12-month low of $12.07 and a 12-month high of $16.77. The business has a 50-day moving average price of $13.30 and a 200 day moving average price of $14.08. 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 (NYSE:BUR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $153.00 million. Sell-side analysts expect that Burford Capital Limited will post 1.1 EPS for the current year.

Burford Capital Announces Dividend

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