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

Burford Capital Limited (NYSE:BUR) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.00.

A number of equities research analysts have commented on the company. Zacks Research lowered Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Wedbush started coverage on Burford Capital in a research report on Friday, February 20th. They set an “outperform” rating and a $14.00 price objective for the company. 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 assumed coverage on shares of Burford Capital in a research report on Wednesday, February 18th. They set a “buy” rating for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Burford Capital in a report on Monday, December 29th.

Institutional Trading of Burford Capital

A number of large investors have recently bought and sold shares of BUR. Vident Advisory LLC lifted its stake in Burford Capital by 4.8% in the third quarter. Vident Advisory LLC now owns 33,158 shares of the company’s stock valued at $397,000 after buying an additional 1,514 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Burford Capital by 11.4% during the 3rd quarter. Principal Financial Group Inc. now owns 15,003 shares of the company’s stock worth $179,000 after buying an additional 1,538 shares in the last quarter. GWN Securities Inc. grew its position in shares of Burford Capital by 15.3% during the 4th quarter. GWN Securities Inc. now owns 12,697 shares of the company’s stock worth $113,000 after buying an additional 1,687 shares during the period. Allegheny Financial Group grew its position in shares of Burford Capital by 17.7% during the 4th quarter. Allegheny Financial Group now owns 14,787 shares of the company’s stock worth $132,000 after buying an additional 2,227 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Burford Capital by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 36,783 shares of the company’s stock valued at $328,000 after acquiring an additional 2,371 shares in the last quarter.

Burford Capital Stock Performance

Shares of Burford Capital stock opened at $8.22 on Friday. The company has a quick ratio of 10.93, a current ratio of 10.93 and a debt-to-equity ratio of 0.68. Burford Capital has a twelve month low of $7.52 and a twelve month high of $15.10. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 30.43, a P/E/G ratio of 0.21 and a beta of 0.66. The company’s fifty day moving average is $9.11 and its 200 day moving average is $9.97.

Burford Capital Dividend Announcement

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