Burford Capital Limited (NYSE:BUR) Shares Sold by DCF Advisers LLC

DCF Advisers LLC lessened its stake in Burford Capital Limited (NYSE:BUR) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,000 shares of the company’s stock after selling 3,000 shares during the quarter. DCF Advisers LLC’s holdings in Burford Capital were worth $679,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Amalgamated Bank acquired a new position in Burford Capital in the second quarter valued at $90,000. ADAR1 Capital Management LLC purchased a new position in shares of Burford Capital in the 4th quarter worth about $165,000. Paloma Partners Management Co acquired a new position in shares of Burford Capital in the 1st quarter valued at about $192,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Burford Capital during the 1st quarter worth about $238,000. Finally, Principal Financial Group Inc. acquired a new stake in Burford Capital during the 2nd quarter worth approximately $256,000.

Analyst Upgrades and Downgrades

BUR has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burford Capital in a research report on Friday, September 6th. They set a “buy” rating and a $18.00 price target on the stock. Wedbush restated 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 reaffirmed a “buy” rating and set a $22.50 price target on shares of Burford Capital in a research report on Tuesday, July 2nd.

Burford Capital Stock Performance

Burford Capital stock opened at $13.69 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 11.01 and a current ratio of 11.01. Burford Capital Limited has a one year low of $12.07 and a one year high of $16.77. The stock’s 50 day moving average price is $13.30 and its 200 day moving average price is $14.09. The firm has a market capitalization of $3.00 billion, a PE ratio of 9.57 and a beta of 0.53.

Burford Capital (NYSE:BUR) last posted its earnings results on Thursday, August 8th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). The firm 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, sell-side analysts expect that Burford Capital Limited will post 1.1 EPS for the current fiscal year.

Burford Capital Announces Dividend

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