B. Riley Analysts Reduce Earnings Estimates for Burford Capital Limited (NYSE:BUR)

Burford Capital Limited (NYSE:BUR) – Research analysts at B. Riley dropped their Q3 2024 EPS estimates for shares of Burford Capital in a research report issued on Tuesday, April 9th. B. Riley analyst M. Howlett now expects that the company will earn $0.48 per share for the quarter, down from their previous forecast of $0.50. The consensus estimate for Burford Capital’s current full-year earnings is $2.04 per share. B. Riley also issued estimates for Burford Capital’s Q4 2024 earnings at $0.56 EPS.

Burford Capital Price Performance

BUR opened at $16.35 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 9.53 and a quick ratio of 9.53. Burford Capital has a 12 month low of $11.78 and a 12 month high of $17.70. The stock has a fifty day moving average price of $15.05 and a 200-day moving average price of $14.25.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The business had revenue of $292.57 million during the quarter, compared to the consensus estimate of $142.00 million. Burford Capital had a return on equity of 20.99% and a net margin of 56.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BUR. Citigroup Inc. boosted its position in shares of Burford Capital by 273,700.0% in the 1st quarter. Citigroup Inc. now owns 2,738 shares of the company’s stock worth $25,000 after purchasing an additional 2,737 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in Burford Capital during the 4th quarter worth approximately $31,000. Lazard Asset Management LLC acquired a new stake in shares of Burford Capital during the second quarter worth $31,000. Steward Partners Investment Advisory LLC lifted its position in Burford Capital by 28.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,555 shares of the company’s stock worth $55,000 after acquiring an additional 794 shares during the period. Finally, Covestor Ltd grew its stake in Burford Capital by 75.9% during the 3rd quarter. Covestor Ltd now owns 7,285 shares of the company’s stock valued at $102,000 after purchasing an additional 3,144 shares during the last quarter.

Burford Capital Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be given a dividend of $0.063 per share. This represents a dividend yield of 1.7%. This is a positive change from Burford Capital’s previous Semi-Annual dividend of $0.06. The ex-dividend date of this dividend is Thursday, May 23rd. Burford Capital’s dividend payout ratio is presently 4.38%.

About Burford Capital

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.