Cooke & Bieler LP Has $46.34 Million Holdings in Burford Capital Limited $BUR

Cooke & Bieler LP lifted its stake in Burford Capital Limited (NYSE:BUR) by 31.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,194,551 shares of the company’s stock after acquiring an additional 1,228,328 shares during the period. Cooke & Bieler LP’s holdings in Burford Capital were worth $46,335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Signaturefd LLC raised its stake in Burford Capital by 1,687.7% during the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after purchasing an additional 2,751 shares during the last quarter. Strs Ohio bought a new position in shares of Burford Capital during the 1st quarter worth about $55,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Burford Capital during the 3rd quarter worth about $120,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Burford Capital during the fourth quarter valued at about $125,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Burford Capital during the third quarter valued at about $128,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. B. Riley Financial reissued a “buy” rating on shares of Burford Capital in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft downgraded Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a research report on Monday, May 11th. Wedbush boosted their price objective on Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wall Street Zen lowered Burford Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings cut Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.33.

Burford Capital Trading Down 0.1%

Shares of BUR opened at $4.53 on Tuesday. The company has a current ratio of 13.72, a quick ratio of 13.72 and a debt-to-equity ratio of 1.59. The stock has a market cap of $991.29 million, a PE ratio of -0.62, a PEG ratio of 0.05 and a beta of 1.28. Burford Capital Limited has a 1 year low of $3.59 and a 1 year high of $15.10. The stock has a 50 day simple moving average of $5.29 and a 200-day simple moving average of $7.79.

Burford Capital (NYSE:BUR) last announced its quarterly earnings results on Friday, February 27th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.54). Burford Capital had a net margin of 15.14% and a return on equity of 11.72%. The company had revenue of $48.78 million during the quarter, compared to analyst estimates of $168.30 million. On average, sell-side analysts predict that Burford Capital Limited will post 2.19 EPS for the current fiscal year.

Burford Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a dividend yield of 276.0%. Burford Capital’s dividend payout ratio is presently -1.64%.

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.