Burford Capital (LON:BUR) Shares Pass Below 200 Day Moving Average – Should You Sell?

Shares of Burford Capital Limited (LON:BUR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,078 ($14.00) and traded as low as GBX 1,021 ($13.26). Burford Capital shares last traded at GBX 1,062 ($13.79), with a volume of 91,839 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,600 ($20.77) target price on shares of Burford Capital in a research report on Friday, August 9th.

Burford Capital Stock Performance

The company has a debt-to-equity ratio of 55.40, a current ratio of 15.07 and a quick ratio of 8.01. The company’s fifty day moving average price is GBX 1,010.94 and its 200 day moving average price is GBX 1,078. The company has a market cap of £2.36 billion, a PE ratio of 786.67, a P/E/G ratio of 1.09 and a beta of 0.94.

Burford Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 0.5%. Burford Capital’s dividend payout ratio is currently 740.74%.

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.