Burford Capital Limited $BUR is Bandera Partners LLC’s 3rd Largest Position

Bandera Partners LLC decreased its position in shares of Burford Capital Limited (NYSE:BUR) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,427,761 shares of the company’s stock after selling 83,122 shares during the period. Burford Capital makes up about 12.7% of Bandera Partners LLC’s investment portfolio, making the stock its 3rd largest position. Bandera Partners LLC’s holdings in Burford Capital were worth $29,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Burford Capital by 4.6% during 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 during the period. Millennium Management LLC raised its position in Burford Capital by 2,967.7% in the 1st quarter. Millennium Management LLC now owns 657,283 shares of the company’s stock worth $8,683,000 after purchasing an additional 635,857 shares during the period. Goldman Sachs Group Inc. lifted its stake in Burford Capital by 14.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,206,303 shares of the company’s stock worth $15,935,000 after purchasing an additional 152,792 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Burford Capital by 8.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,562 shares of the company’s stock valued at $6,058,000 after buying an additional 35,541 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Burford Capital by 369.9% during the first quarter. Jane Street Group LLC now owns 201,950 shares of the company’s stock valued at $2,667,000 after buying an additional 158,973 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BUR. Wall Street Zen downgraded Burford Capital from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. Zacks Research downgraded Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday. Bank of America began coverage on Burford Capital in a research report on Wednesday, February 18th. They set a “buy” rating for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Burford Capital in a research note on Monday, December 29th. Finally, Wedbush initiated coverage on shares of Burford Capital in a report on Friday, February 20th. They issued an “outperform” rating and a $14.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.00.

Burford Capital Stock Down 1.2%

NYSE:BUR opened at $8.27 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 10.93 and a quick ratio of 10.93. Burford Capital Limited has a 1-year low of $8.12 and a 1-year high of $15.10. The company has a 50-day moving average of $9.31 and a 200 day moving average of $10.37. The firm has a market cap of $1.81 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 0.19 and a beta of 0.66.

Burford Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given 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 is presently 44.44%.

Burford Capital 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.