Amalgamated Bank Makes New Investment in Burford Capital Limited (NYSE:BUR)

Amalgamated Bank purchased a new stake in Burford Capital Limited (NYSE:BUR) during the second quarter, Holdings Channel reports. The firm purchased 6,933 shares of the company’s stock, valued at approximately $90,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Aristides Capital LLC acquired a new position in Burford Capital during the fourth quarter valued at $780,000. ADAR1 Capital Management LLC acquired a new stake in shares of Burford Capital during the 4th quarter worth approximately $165,000. Black Maple Capital Management LP lifted its holdings in Burford Capital by 2.3% during the 4th quarter. Black Maple Capital Management LP now owns 156,751 shares of the company’s stock worth $2,445,000 after buying an additional 3,514 shares in the last quarter. Onex Canada Asset Management Inc. increased its holdings in Burford Capital by 4.5% during the 4th quarter. Onex Canada Asset Management Inc. now owns 1,202,128 shares of the company’s stock worth $18,753,000 after purchasing an additional 51,483 shares during the period. Finally, Mithaq Capital SPC purchased a new stake in Burford Capital during the fourth quarter worth approximately $355,631,000.

Analyst Upgrades and Downgrades

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

Burford Capital Stock Down 2.9 %

Shares of BUR stock opened at $12.87 on Wednesday. Burford Capital Limited has a twelve month low of $12.07 and a twelve month high of $16.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 11.01 and a current ratio of 11.01. The stock’s 50 day simple moving average is $13.21 and its 200 day simple moving average is $14.04. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 9.00 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 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). The company had revenue of $159.65 million for the quarter, compared to analyst estimates of $153.00 million. Burford Capital had a return on equity of 12.58% and a net margin of 45.81%. As a group, research analysts predict that Burford Capital Limited will post 1.1 EPS for the current year.

Burford Capital Announces Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, December 5th. Investors 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 of this dividend is Friday, November 1st. Burford Capital’s payout ratio is 8.39%.

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.