Burford Capital (NYSE:BUR) Trading Down 2.9%

Burford Capital Limited (NYSE:BURGet Rating)’s share price traded down 2.9% during mid-day trading on Friday . The stock traded as low as $8.45 and last traded at $8.45. 148 shares were traded during mid-day trading, a decline of 100% from the average session volume of 234,601 shares. The stock had previously closed at $8.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BUR shares. Wedbush reaffirmed an “outperform” rating on shares of Burford Capital in a research note on Friday, June 10th. StockNews.com downgraded Burford Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th.

Burford Capital Stock Performance

The stock has a 50 day moving average price of $10.17 and a two-hundred day moving average price of $9.68.

Burford Capital Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 4th will be issued a dividend of $0.0625 per share. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BUR. Invesco Ltd. acquired a new position in shares of Burford Capital during the 1st quarter valued at about $110,137,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Burford Capital during the 1st quarter valued at about $13,687,000. Jane Street Group LLC increased its holdings in shares of Burford Capital by 4,092.2% during the 1st quarter. Jane Street Group LLC now owns 1,031,163 shares of the company’s stock valued at $9,405,000 after acquiring an additional 1,006,566 shares during the last quarter. CI Investments Inc. increased its holdings in shares of Burford Capital by 7.4% during the 1st quarter. CI Investments Inc. now owns 11,531,792 shares of the company’s stock valued at $105,977,000 after acquiring an additional 798,779 shares during the last quarter. Finally, Sycale Advisors NY LLC increased its holdings in shares of Burford Capital by 766.7% during the 2nd quarter. Sycale Advisors NY LLC now owns 799,262 shares of the company’s stock valued at $8,064,000 after acquiring an additional 707,041 shares during the last quarter. Institutional investors and hedge funds own 5.67% of the company’s stock.

Burford Capital Company Profile

(Get Rating)

Burford Capital Limited, through its subsidiaries, provides legal finance products and services. The company offers asset management services, including core legal finance, complex strategies, and post-settlement finance. The company was incorporated in 2009 and is based in Saint Peter Port, Guernsey.

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