Blue Trust Inc. Purchases 6,481 Shares of Burford Capital Limited (NYSE:BUR)

Blue Trust Inc. raised its position in Burford Capital Limited (NYSE:BUR) by 503.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,769 shares of the company’s stock after purchasing an additional 6,481 shares during the period. Blue Trust Inc.’s holdings in Burford Capital were worth $101,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BUR. Baillie Gifford & Co. boosted its position in shares of Burford Capital by 112.7% during the 1st quarter. Baillie Gifford & Co. now owns 1,327,511 shares of the company’s stock valued at $20,845,000 after acquiring an additional 703,518 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Burford Capital during the first quarter valued at approximately $238,000. Central Pacific Bank Trust Division bought a new stake in Burford Capital during the first quarter valued at approximately $316,000. Quantbot Technologies LP grew its stake in Burford Capital by 5.2% in the 1st quarter. Quantbot Technologies LP now owns 42,576 shares of the company’s stock worth $680,000 after buying an additional 2,120 shares in the last quarter. Finally, Steamboat Capital Partners LLC increased its holdings in shares of Burford Capital by 1.7% in the 1st quarter. Steamboat Capital Partners LLC now owns 43,663 shares of the company’s stock worth $697,000 after buying an additional 727 shares during the last quarter.

Burford Capital Price Performance

Shares of NYSE:BUR opened at $13.50 on Wednesday. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2.96 billion, a PE ratio of 9.44 and a beta of 0.53. The company’s fifty day moving average is $13.32 and its 200 day moving average is $13.74. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $16.77.

Burford Capital (NYSE:BUR) last released its 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 during the quarter, compared to the consensus estimate of $153.00 million. Research analysts anticipate that Burford Capital Limited will post 1.09 earnings per share for the current year.

Burford Capital Announces Dividend

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 paid a dividend of $0.063 per share. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Friday, November 1st. Burford Capital’s dividend payout ratio (DPR) is presently 8.39%.

Analysts Set New Price Targets

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

Burford Capital Company 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.