Burford Capital Limited (NYSE:BUR) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its holdings in shares of Burford Capital Limited (NYSE:BUR) by 6.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,062 shares of the company’s stock after selling 9,889 shares during the period. Hsbc Holdings PLC’s holdings in Burford Capital were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Amalgamated Bank bought a new stake in Burford Capital during the 2nd quarter valued at $90,000. ADAR1 Capital Management LLC bought a new stake in shares of Burford Capital during the fourth quarter valued at about $165,000. Paloma Partners Management Co acquired a new stake in Burford Capital in the first quarter worth about $192,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Burford Capital in the 1st quarter valued at about $238,000. Finally, Principal Financial Group Inc. acquired a new position in Burford Capital during the 2nd quarter valued at about $256,000.

Burford Capital Stock Performance

Shares of NYSE:BUR opened at $13.31 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. The stock has a fifty day moving average of $13.24 and a 200-day moving average of $14.06. Burford Capital Limited has a one year low of $12.07 and a one year high of $16.77.

Burford Capital (NYSE:BUR) last announced its earnings results on Thursday, August 8th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.10). The company had revenue of $159.65 million for the quarter, compared to analysts’ expectations of $153.00 million. Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. Research analysts forecast that Burford Capital Limited will post 1.1 EPS for the current year.

Burford Capital Announces Dividend

The company 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. The ex-dividend date is Friday, November 1st. This represents a dividend yield of 2%. Burford Capital’s dividend payout ratio is currently 8.39%.

Wall Street Analysts Forecast Growth

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

About Burford Capital

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.