Burford Capital Limited $BUR Shares Purchased by Annandale Capital LLC

Annandale Capital LLC boosted its position in Burford Capital Limited (NYSE:BUR) by 91.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 300,000 shares of the company’s stock after purchasing an additional 143,300 shares during the quarter. Annandale Capital LLC owned about 0.14% of Burford Capital worth $4,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BUR. CWM LLC raised its position in shares of Burford Capital by 131.3% in the second quarter. CWM LLC now owns 3,625 shares of the company’s stock valued at $52,000 after buying an additional 2,058 shares during the last quarter. Strs Ohio purchased a new stake in Burford Capital during the 1st quarter valued at about $55,000. KBC Group NV acquired a new stake in Burford Capital in the 2nd quarter valued at about $70,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Burford Capital by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,261 shares of the company’s stock worth $1,575,000 after purchasing an additional 5,229 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Burford Capital by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 487,333 shares of the company’s stock worth $6,438,000 after purchasing an additional 5,272 shares in the last quarter.

Burford Capital Stock Performance

Shares of BUR stock opened at $9.53 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 14.99 and a current ratio of 14.99. The firm has a market cap of $2.08 billion, a P/E ratio of 25.07 and a beta of 0.57. The firm’s 50 day moving average price is $10.21 and its 200-day moving average price is $12.14. Burford Capital Limited has a one year low of $8.19 and a one year high of $15.73.

Burford Capital (NYSE:BUR) last announced its earnings results on Wednesday, November 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.39). Burford Capital had a net margin of 18.42% and a return on equity of 2.71%. The firm had revenue of $69.80 million during the quarter, compared to analysts’ expectations of $136.03 million. As a group, equities research analysts predict that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 31st will be issued a dividend of $0.0625 per share. This represents a yield of 125.0%. The ex-dividend date is Friday, October 31st. Burford Capital’s dividend payout ratio (DPR) is 31.58%.

Analyst Ratings Changes

Several research firms recently commented on BUR. Wall Street Zen cut Burford Capital from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Wedbush restated an “outperform” rating and issued a $18.00 target price on shares of Burford Capital in a report on Thursday, August 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Burford Capital in a report on Monday. B. Riley reissued a “buy” rating and set a $18.00 price target (down previously from $20.00) on shares of Burford Capital in a research report on Tuesday, November 11th. Finally, Zacks Research cut shares of Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.