Aberdeen Group plc Has $21.03 Million Position in Burford Capital Limited $BUR

Aberdeen Group plc boosted its stake in shares of Burford Capital Limited (NYSE:BUR) by 26.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,357,279 shares of the company’s stock after purchasing an additional 497,780 shares during the period. Aberdeen Group plc’s holdings in Burford Capital were worth $21,027,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vident Advisory LLC lifted 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 worth $397,000 after buying an additional 1,514 shares in the last quarter. Principal Financial Group Inc. grew 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 valued at $179,000 after acquiring an additional 1,538 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Burford Capital by 1.4% in the third quarter. California State Teachers Retirement System now owns 187,646 shares of the company’s stock worth $2,244,000 after acquiring an additional 2,651 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Burford Capital by 11.8% in the third quarter. Farther Finance Advisors LLC now owns 26,075 shares of the company’s stock worth $312,000 after acquiring an additional 2,759 shares during the last quarter. Finally, Amundi raised its holdings in shares of Burford Capital by 1.3% during the second quarter. Amundi now owns 243,022 shares of the company’s stock worth $3,269,000 after acquiring an additional 3,085 shares in the last quarter.

Burford Capital Price Performance

Shares of NYSE:BUR opened at $4.14 on Monday. The stock has a market capitalization of $905.15 million, a P/E ratio of 15.32 and a beta of 1.29. The business has a 50-day moving average of $8.26 and a two-hundred day moving average of $9.37. Burford Capital Limited has a fifty-two week low of $3.59 and a fifty-two week 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.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.54). Burford Capital had a net margin of 15.14% and a return on equity of 1.97%. The company had revenue of $48.78 million for the quarter, compared to analyst estimates of $168.30 million. On average, equities research analysts predict that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.0625 per share. This represents a yield of 147.0%. The ex-dividend date is Friday, May 22nd. Burford Capital’s dividend payout ratio (DPR) is 44.44%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wedbush reissued a “neutral” rating and set a $4.75 price objective (down from $6.00) on shares of Burford Capital in a research report on Monday, March 30th. Wall Street Zen downgraded Burford Capital from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Zacks Research lowered Burford Capital from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Burford Capital in a research note on Friday, March 27th. Finally, Bank of America initiated coverage on Burford Capital in a report on Wednesday, February 18th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.00.

About Burford Capital

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.