Burford Capital Limited (NYSE:BUR) Stock Position Increased by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. increased its position in Burford Capital Limited (NYSE:BUR) by 25.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 123,659 shares of the company’s stock after acquiring an additional 24,799 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Burford Capital were worth $1,640,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in Burford Capital in the 3rd quarter valued at about $264,000. Blue Trust Inc. lifted its stake in Burford Capital by 503.2% during the third quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock valued at $101,000 after purchasing an additional 6,481 shares during the last quarter. AlphaMark Advisors LLC bought a new stake in Burford Capital during the third quarter worth approximately $334,000. Creative Planning grew its position in Burford Capital by 92.1% in the third quarter. Creative Planning now owns 22,255 shares of the company’s stock worth $295,000 after buying an additional 10,667 shares during the last quarter. Finally, Clearline Capital LP bought a new position in shares of Burford Capital in the second quarter valued at $4,275,000.

Burford Capital Stock Up 0.6 %

Shares of Burford Capital stock opened at $13.79 on Friday. The company has a current ratio of 11.01, a quick ratio of 11.01 and a debt-to-equity ratio of 0.55. Burford Capital Limited has a 1 year low of $12.07 and a 1 year high of $16.77. The stock has a 50-day moving average price of $13.31 and a 200 day moving average price of $13.82. The company has a market cap of $3.02 billion, a P/E ratio of 9.64 and a beta of 0.53.

Burford Capital (NYSE:BUR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.10). Burford Capital had a return on equity of 12.58% and a net margin of 45.81%. The company had revenue of $159.65 million for the quarter, compared to analyst estimates of $153.00 million. As a group, analysts expect that Burford Capital Limited will post 1.09 EPS for the current fiscal year.

Burford Capital Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, December 5th. Investors of record on Friday, November 1st will be issued a dividend of $0.063 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a dividend yield of 2%. Burford Capital’s dividend payout ratio is 8.39%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BUR. Jefferies Financial Group reiterated a “buy” rating and issued a $22.50 price target on shares of Burford Capital in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Burford Capital in a report on Friday, September 6th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Wedbush restated an “outperform” rating and set a $18.00 price target on shares of Burford Capital in a report on Friday, August 9th.

About Burford Capital

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.