Brokerages Set Burford Capital Limited (NYSE:BUR) PT at $16.00

Shares of Burford Capital Limited (NYSE:BUR) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.00.

A number of equities research analysts have recently issued reports on BUR shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Burford Capital in a research note on Monday, December 29th. Bank of America began coverage on shares of Burford Capital in a research report on Wednesday, February 18th. They set a “buy” rating for the company. Wedbush started coverage on shares of Burford Capital in a report on Friday, February 20th. They issued an “outperform” rating and a $14.00 target price for the company. Zacks Research lowered Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen cut Burford Capital from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st.

Hedge Funds Weigh In On Burford Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vident Advisory LLC grew its position in Burford Capital by 4.8% in the 3rd quarter. Vident Advisory LLC now owns 33,158 shares of the company’s stock valued at $397,000 after acquiring an additional 1,514 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Burford Capital by 11.4% during the third quarter. Principal Financial Group Inc. now owns 15,003 shares of the company’s stock worth $179,000 after purchasing an additional 1,538 shares in the last quarter. GWN Securities Inc. boosted its stake in shares of Burford Capital by 15.3% in the fourth quarter. GWN Securities Inc. now owns 12,697 shares of the company’s stock valued at $113,000 after purchasing an additional 1,687 shares during the period. Allegheny Financial Group boosted its stake in shares of Burford Capital by 17.7% in the fourth quarter. Allegheny Financial Group now owns 14,787 shares of the company’s stock valued at $132,000 after purchasing an additional 2,227 shares during the period. Finally, ProShare Advisors LLC grew its holdings in shares of Burford Capital by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 36,783 shares of the company’s stock valued at $328,000 after purchasing an additional 2,371 shares in the last quarter.

Burford Capital Trading Up 2.9%

NYSE BUR opened at $8.28 on Friday. The firm’s 50-day moving average is $9.15 and its two-hundred day moving average is $10.00. Burford Capital has a 12 month low of $7.52 and a 12 month high of $15.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 10.93 and a quick ratio of 10.93. The stock has a market capitalization of $1.81 billion, a P/E ratio of 30.68, a PEG ratio of 0.21 and a beta of 0.66.

Burford Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be issued a $0.0625 dividend. This represents a dividend yield of 147.0%. The ex-dividend date is Friday, May 22nd. Burford Capital’s payout ratio is currently 44.44%.

Burford Capital Company Profile

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.