36,800 Shares in Burford Capital Limited (NYSE:BUR) Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new position in shares of Burford Capital Limited (NYSE:BUR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,800 shares of the company’s stock, valued at approximately $480,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&G Plc purchased a new position in shares of Burford Capital in the 1st quarter worth approximately $18,108,000. SG Americas Securities LLC purchased a new position in shares of Burford Capital in the 2nd quarter worth about $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 valued at $19,788,000 after buying an additional 207,157 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Burford Capital in the first quarter worth about $238,000. Finally, Virtu Financial LLC purchased a new position in Burford Capital in the fourth quarter valued at about $583,000.

Wall Street Analyst Weigh In

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

Burford Capital Price Performance

Shares of Burford Capital stock opened at $13.29 on Friday. The business’s 50 day simple moving average is $13.12 and its two-hundred day simple moving average is $13.97. Burford Capital Limited has a one year low of $12.07 and a one year high of $16.77. 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 stock has a market capitalization of $2.91 billion, a P/E ratio of 9.29 and a beta of 0.53.

Burford Capital (NYSE:BUR) last posted its earnings results on Thursday, August 8th. The company reported $0.24 earnings per share (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 return on equity of 12.58% and a net margin of 45.81%. Analysts forecast that Burford Capital Limited will post 1.1 EPS for the current year.

Burford Capital Dividend Announcement

The firm also recently declared 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 currently 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.