DCF Advisers LLC Cuts Position in Burford Capital Limited (NYSE:BUR)

DCF Advisers LLC lowered its stake in shares of Burford Capital Limited (NYSE:BUR) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,000 shares of the company’s stock after selling 3,000 shares during the period. DCF Advisers LLC’s holdings in Burford Capital were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BUR. Aigen Investment Management LP acquired a new stake in Burford Capital in the fourth quarter valued at $384,000. Weiss Asset Management LP acquired a new stake in Burford Capital in the 4th quarter valued at about $3,207,000. Aristides Capital LLC purchased a new position in Burford Capital during the 4th quarter valued at about $780,000. ADAR1 Capital Management LLC acquired a new position in Burford Capital during the fourth quarter worth about $165,000. Finally, Black Maple Capital Management LP lifted its holdings in shares of Burford Capital by 2.3% in the fourth quarter. Black Maple Capital Management LP now owns 156,751 shares of the company’s stock valued at $2,445,000 after purchasing an additional 3,514 shares in the last quarter.

Burford Capital Stock Performance

NYSE:BUR opened at $13.69 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 11.01 and a quick ratio of 11.01. The firm has a market cap of $3.00 billion, a PE ratio of 9.57 and a beta of 0.53. The firm has a 50 day simple moving average of $13.30 and a 200-day simple moving average of $14.09. Burford Capital Limited has a 1-year low of $12.07 and a 1-year high of $16.77.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.24 earnings per share 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 business had revenue of $159.65 million during the quarter, compared to analyst estimates of $153.00 million. On average, equities analysts expect that Burford Capital Limited will post 1.1 EPS for the current year.

Burford Capital Dividend Announcement

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

Analyst Ratings Changes

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

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.