Sei Investments Co. Takes $372,000 Position in Burford Capital Limited (NYSE:BUR)

Sei Investments Co. purchased a new position in shares of Burford Capital Limited (NYSE:BUR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,503 shares of the company’s stock, valued at approximately $372,000.

A number of other institutional investors have also added to or reduced their stakes in the company. M&G Plc purchased a new position in shares of Burford Capital in the first quarter worth about $18,108,000. SG Americas Securities LLC bought a new stake in Burford Capital during the second quarter valued at $438,000. Baillie Gifford & Co. grew its position in Burford Capital by 15.6% during the second quarter. Baillie Gifford & Co. now owns 1,534,668 shares of the company’s stock worth $19,788,000 after buying an additional 207,157 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Burford Capital during the first quarter worth about $238,000. Finally, Virtu Financial LLC bought a new position in Burford Capital in the 4th quarter worth about $583,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. 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 Burford Capital in a research report on Friday, September 6th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $18.00 price objective on shares of Burford Capital in a report on Friday, August 9th.

Burford Capital Trading Up 0.3 %

Shares of BUR opened at $13.29 on Friday. 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 1-year low of $12.07 and a 1-year high of $16.77. The firm’s 50-day moving average price is $13.12 and its 200-day moving average price is $13.97. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 9.29 and a beta of 0.53.

Burford Capital (NYSE:BUR) last announced its quarterly earnings data 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 return on equity of 12.58% and a net margin of 45.81%. The business had revenue of $159.65 million during the quarter, compared to analysts’ expectations of $153.00 million. Sell-side analysts anticipate that Burford Capital Limited will post 1.1 EPS for the current year.

Burford Capital Announces Dividend

The business also recently declared 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. This represents a dividend yield of 2%. The ex-dividend date is Friday, November 1st. Burford Capital’s payout ratio 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.