Aberdeen Group plc Makes New Investment in Burford Capital Limited $BUR

Key Points

• Aberdeen Group plc has acquired 2,048,271 shares of Burford Capital Limited, valued at approximately $29.2 million, representing about 0.94% of the company's total shares.
• Burford Capital has recently announced a semi-annual dividend of $0.0625 per share, which will be paid on December 4th, with a dividend yield of 103.0%.
• Analysts have mixed ratings for Burford Capital, with a consensus rating of "Buy" and a target price set at $18.00, while the stock is currently trading at around $11.16.

Aberdeen Group plc bought a new stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,048,271 shares of the company's stock, valued at approximately $29,208,000. Aberdeen Group plc owned about 0.94% of Burford Capital as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ridgewood Investments LLC purchased a new stake in shares of Burford Capital during the first quarter valued at approximately $26,000. Strs Ohio purchased a new stake in Burford Capital during the 1st quarter valued at $55,000. Ieq Capital LLC purchased a new stake in Burford Capital during the 1st quarter valued at $132,000. American Century Companies Inc. purchased a new stake in shares of Burford Capital during the first quarter worth about $134,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Burford Capital during the first quarter worth about $136,000.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings restated a "buy (b-)" rating on shares of Burford Capital in a report on Wednesday, October 8th. Wall Street Zen cut Burford Capital from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Wedbush reissued an "outperform" rating and set a $18.00 price objective on shares of Burford Capital in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Burford Capital has a consensus rating of "Buy" and a consensus target price of $18.00.

Burford Capital Stock Down 3.4%

Shares of Burford Capital stock opened at $11.16 on Monday. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 10.33 and a beta of 0.58. The company's 50 day moving average is $12.90 and its 200 day moving average is $13.12. Burford Capital Limited has a twelve month low of $10.70 and a twelve month high of $15.73. The company has a quick ratio of 10.09, a current ratio of 10.09 and a debt-to-equity ratio of 0.55.

Burford Capital (NYSE:BUR - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. Burford Capital had a return on equity of 7.48% and a net margin of 37.08%.The business had revenue of $191.29 million during the quarter, compared to analyst estimates of $159.02 million. Research analysts anticipate that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, October 31st will be paid a $0.0625 dividend. This represents a dividend yield of 103.0%. The ex-dividend date of this dividend is Friday, October 31st. Burford Capital's dividend payout ratio (DPR) is presently 11.11%.

Burford Capital Profile

Burford Capital Limited 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; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.

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