Burford Capital Limited (NYSE:BUR) Announces Semi-annual Dividend of $0.06

Burford Capital Limited (NYSE:BUR) announced a semi-annual dividend on Thursday, September 14th, Wall Street Journal reports. Shareholders of record on Friday, November 10th will be given a dividend of 0.0625 per share on Thursday, December 7th. This represents a yield of 1.6%. The ex-dividend date of this dividend is Thursday, November 9th.

Burford Capital Price Performance

NYSE BUR opened at $15.43 on Friday. The company has a 50-day simple moving average of $13.54 and a two-hundred day simple moving average of $12.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.31 and a current ratio of 6.31. Burford Capital has a 12-month low of $6.09 and a 12-month high of $17.70.

Burford Capital (NYSE:BUR) last posted its quarterly earnings results on Wednesday, September 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.42). The business had revenue of $44.55 million for the quarter, compared to analyst estimates of $134.00 million. As a group, equities analysts predict that Burford Capital will post 2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Berenberg Bank initiated coverage on shares of Burford Capital in a research report on Thursday, June 22nd. They set a “buy” rating for the company. StockNews.com initiated coverage on shares of Burford Capital in a research note on Wednesday, August 23rd. They set a “hold” rating for the company. Finally, B. Riley upped their price objective on shares of Burford Capital from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday.

Hedge Funds Weigh In On Burford Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in shares of Burford Capital during the second quarter valued at about $31,000. Citigroup Inc. raised its stake in Burford Capital by 273,700.0% in the first quarter. Citigroup Inc. now owns 2,738 shares of the company’s stock worth $25,000 after buying an additional 2,737 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in Burford Capital in the first quarter worth about $115,000. Jane Street Group LLC bought a new position in Burford Capital in the fourth quarter worth about $105,000. Finally, Marshall Wace LLP bought a new position in Burford Capital in the fourth quarter worth about $126,000.

Burford Capital Company Profile

Burford Capital Limited, through its subsidiaries, 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.