Bandera Partners LLC Purchases 743,769 Shares of Burford Capital Limited $BUR

Bandera Partners LLC lifted its position in shares of Burford Capital Limited (NYSE:BUR) by 42.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,510,883 shares of the company’s stock after purchasing an additional 743,769 shares during the period. Burford Capital accounts for approximately 16.1% of Bandera Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Bandera Partners LLC owned approximately 1.15% of Burford Capital worth $35,805,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Neo Ivy Capital Management acquired a new position in Burford Capital in the 2nd quarter valued at $503,000. JPMorgan Chase & Co. boosted its position in shares of Burford Capital by 29.4% in the second quarter. JPMorgan Chase & Co. now owns 1,060,143 shares of the company’s stock valued at $15,118,000 after acquiring an additional 240,738 shares during the period. Rovida Advisors Inc. acquired a new position in shares of Burford Capital in the second quarter valued at about $8,200,000. Intech Investment Management LLC increased its position in Burford Capital by 16.9% during the second quarter. Intech Investment Management LLC now owns 133,369 shares of the company’s stock worth $1,902,000 after acquiring an additional 19,289 shares during the period. Finally, KBC Group NV acquired a new stake in Burford Capital in the 2nd quarter worth about $70,000.

Burford Capital Price Performance

BUR stock opened at $9.14 on Tuesday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 8.46 and a beta of 0.56. The company has a debt-to-equity ratio of 0.55, a current ratio of 10.09 and a quick ratio of 10.09. The company has a 50 day simple moving average of $10.66 and a 200 day simple moving average of $12.35. Burford Capital Limited has a 1 year low of $8.19 and a 1 year high of $15.73.

Burford Capital (NYSE:BUR) last issued its earnings results on Wednesday, November 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.39). The company had revenue of $174.85 million during the quarter, compared to analyst estimates of $136.03 million. Burford Capital had a net margin of 37.08% and a return on equity of 7.48%. Research analysts anticipate that Burford Capital Limited will post 1.28 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 4th. Investors of record on Friday, October 31st will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, October 31st. This represents a yield of 125.0%. Burford Capital’s payout ratio is currently 31.58%.

Wall Street Analysts Forecast Growth

BUR has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Burford Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Zacks Research downgraded Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Weiss Ratings cut Burford Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, November 19th. B. Riley reissued a “buy” rating and set a $18.00 target price (down from $20.00) on shares of Burford Capital in a report on Tuesday, November 11th. Finally, Wedbush restated an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Burford Capital has a consensus rating of “Hold” and a consensus target price of $18.00.

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.