Barrow Hanley Mewhinney & Strauss LLC Has $42.35 Million Stake in Burford Capital Limited $BUR

Key Points

• Barrow Hanley Mewhinney & Strauss LLC cut its stake in Burford Capital by 5.6% to 3,541,201 shares (sold 209,763 shares), leaving a 1.62% holding valued at about $42.35 million.
• Burford declared a $0.0625 per-share dividend payable June 12 to shareholders of record May 22, which the report states equates to a 147.0% yield.
• Analyst coverage is mixed—three Buys and two Sells with an average rating of "Hold" and an average target of $16.00—while the stock trades with a market cap near $1.8 billion and a 12-month range of $7.52–$15.10.

Barrow Hanley Mewhinney & Strauss LLC decreased its holdings in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,541,201 shares of the company's stock after selling 209,763 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 1.62% of Burford Capital worth $42,353,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Bank of Montreal Can grew its position in shares of Burford Capital by 9.2% during the 3rd quarter. Bank of Montreal Can now owns 5,432,568 shares of the company's stock worth $64,974,000 after buying an additional 455,627 shares during the period. Legal & General Group Plc increased its stake in Burford Capital by 3.0% in the third quarter. Legal & General Group Plc now owns 472,699 shares of the company's stock valued at $5,640,000 after purchasing an additional 13,650 shares in the last quarter. CI Investments Inc. raised its holdings in shares of Burford Capital by 0.8% during the third quarter. CI Investments Inc. now owns 2,963,789 shares of the company's stock valued at $35,447,000 after purchasing an additional 23,692 shares during the period. Quantbot Technologies LP bought a new position in shares of Burford Capital during the 3rd quarter worth about $804,000. Finally, Fifth Lane Capital LP grew its stake in shares of Burford Capital by 169.2% in the 3rd quarter. Fifth Lane Capital LP now owns 35,000 shares of the company's stock valued at $419,000 after buying an additional 22,000 shares during the period.

Burford Capital Stock Performance

Shares of BUR opened at $8.22 on Thursday. The stock has a 50 day moving average of $9.23 and a 200 day moving average of $10.19. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 0.21 and a beta of 0.66. Burford Capital Limited has a 12 month low of $7.52 and a 12 month high of $15.10. The company has a current ratio of 10.93, a quick ratio of 10.93 and a debt-to-equity ratio of 0.68.

Burford Capital Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a $0.0625 dividend. This represents a yield of 147.0%. The ex-dividend date is Friday, May 22nd. Burford Capital's payout ratio is presently 44.44%.

Analyst Ratings Changes

BUR has been the subject of several recent research reports. Wall Street Zen downgraded Burford Capital from a "hold" rating to a "sell" rating in a report on Sunday, December 21st. Zacks Research lowered shares of Burford Capital from a "hold" rating to a "strong sell" rating in a research note on Monday, March 2nd. Weiss Ratings restated a "sell (d+)" rating on shares of Burford Capital in a report on Monday, December 29th. Wedbush began coverage on Burford Capital in a report on Friday, February 20th. They set an "outperform" rating and a $14.00 price objective for the company. Finally, Bank of America started coverage on Burford Capital in a research report on Wednesday, February 18th. They set a "buy" rating on the stock. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $16.00.

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.

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