Sei Investments Co. Invests $372,000 in Burford Capital Limited (NYSE:BUR)

Sei Investments Co. bought a new stake in shares of Burford Capital Limited (NYSE:BUR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 28,503 shares of the company’s stock, valued at approximately $372,000.

A number of other large investors also recently added to or reduced their stakes in BUR. Steamboat Capital Partners LLC grew its holdings in Burford Capital by 1.7% during the 1st quarter. Steamboat Capital Partners LLC now owns 43,663 shares of the company’s stock valued at $697,000 after buying an additional 727 shares in the last quarter. LGT Group Foundation increased its position in Burford Capital by 7.9% in the second quarter. LGT Group Foundation now owns 21,140 shares of the company’s stock worth $273,000 after purchasing an additional 1,540 shares during the last quarter. Quantbot Technologies LP raised its stake in Burford Capital by 5.2% during the first quarter. Quantbot Technologies LP now owns 42,576 shares of the company’s stock valued at $680,000 after purchasing an additional 2,120 shares in the last quarter. Black Maple Capital Management LP lifted its position in Burford Capital by 2.3% during 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 during the last quarter. Finally, Clear Harbor Asset Management LLC grew its stake in shares of Burford Capital by 6.0% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 74,579 shares of the company’s stock worth $973,000 after buying an additional 4,244 shares in the last quarter.

Burford Capital Stock Performance

Shares of BUR stock opened at $13.29 on Friday. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 9.29 and a beta of 0.53. Burford Capital Limited has a 52-week low of $12.07 and a 52-week high of $16.77. 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 company’s 50 day moving average is $13.12 and its 200 day moving average is $13.97.

Burford Capital (NYSE:BUR) last released its quarterly 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). The firm had revenue of $159.65 million during the quarter, compared to the consensus estimate of $153.00 million. Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. On average, sell-side analysts anticipate that Burford Capital Limited will post 1.1 EPS for the current fiscal year.

Burford Capital Announces Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, December 5th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.063 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a yield of 2%. Burford Capital’s payout ratio is 8.39%.

Analyst Ratings Changes

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

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.