Burford Capital (LON:BUR) Shares Cross Above 200-Day Moving Average - Here's What Happened

Shares of Burford Capital Limited (LON:BUR - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,068.89 ($14.08) and traded as high as GBX 1,081 ($14.24). Burford Capital shares last traded at GBX 1,036 ($13.65), with a volume of 159,586 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,600 ($21.08) price objective on shares of Burford Capital in a research note on Thursday, May 8th.

Burford Capital Stock Performance

The company has a quick ratio of 8.01, a current ratio of 15.07 and a debt-to-equity ratio of 77.74. The company's fifty day simple moving average is GBX 1,026.03 and its 200 day simple moving average is GBX 1,068.89. The stock has a market capitalization of £2.97 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.09 and a beta of 0.94.

Burford Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a dividend yield of 0.45%. Burford Capital's dividend payout ratio is 17.89%.

Burford Capital Company Profile

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange NYSE: BUR and the London Stock Exchange LSE: BUR, and it works with companies and law firms around the world from its offices in New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney and Hong Kong.