Bandera Partners LLC Decreases Position in Burford Capital Limited $BUR

Bandera Partners LLC cut its stake in shares of Burford Capital Limited (NYSE:BUR) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,427,761 shares of the company’s stock after selling 83,122 shares during the quarter. Burford Capital makes up approximately 12.7% of Bandera Partners LLC’s holdings, making the stock its 3rd biggest position. Bandera Partners LLC owned about 1.11% of Burford Capital worth $29,036,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BUR. Greenlea Lane Capital Management LLC lifted its holdings in Burford Capital by 325.4% during the second quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock valued at $45,724,000 after purchasing an additional 2,571,917 shares in the last quarter. Two Seas Capital LP bought a new stake in shares of Burford Capital during the 2nd quarter valued at $22,498,000. Invesco Ltd. raised its position in shares of Burford Capital by 34.3% during the 2nd quarter. Invesco Ltd. now owns 6,078,537 shares of the company’s stock valued at $86,680,000 after purchasing an additional 1,551,357 shares during the period. Cooke & Bieler LP lifted its stake in shares of Burford Capital by 35.2% during the 3rd quarter. Cooke & Bieler LP now owns 3,966,223 shares of the company’s stock valued at $47,436,000 after buying an additional 1,033,114 shares in the last quarter. Finally, Mawer Investment Management Ltd. bought a new position in Burford Capital in the 3rd quarter worth $8,113,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BUR shares. Wall Street Zen lowered Burford Capital from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Bank of America initiated coverage on Burford Capital in a research note on Wednesday, February 18th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Burford Capital in a research report on Monday, December 29th. Zacks Research cut Burford Capital from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, B. Riley Financial restated a “buy” rating and issued a $18.00 price target (down from $20.00) on shares of Burford Capital in a research note on Tuesday, November 11th. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, Burford Capital currently has a consensus rating of “Hold” and a consensus target price of $16.00.

Burford Capital Stock Down 1.2%

Shares of NYSE:BUR opened at $8.27 on Friday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 0.19 and a beta of 0.66. Burford Capital Limited has a 12 month low of $8.12 and a 12 month high of $15.10. The company has a current ratio of 10.93, a quick ratio of 10.93 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $9.31 and a 200 day moving average price of $10.37.

Burford Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a $0.0625 dividend. This represents a dividend yield of 147.0%. The ex-dividend date of this dividend is Friday, May 22nd. Burford Capital’s dividend payout ratio (DPR) is presently 44.44%.

About Burford Capital

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.