Mraz Amerine & Associates Inc. Buys 54,392 Shares of Burford Capital Limited $BUR

Key Points

• Mraz Amerine & Associates Inc. increased its stake in Burford Capital Limited by 38.1% during the 2nd quarter, owning a total of 197,301 shares valued at approximately $2.81 million.
• The company announced a semi-annual dividend of $0.0625, with a dividend yield of 103.0%, payable on December 4th to investors of record as of October 31st.
• Despite having a consensus rating of "Buy", Burford Capital's shares recently experienced a 3.5% decline and were priced at $11.52 after opening.

Mraz Amerine & Associates Inc. grew its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 38.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,301 shares of the company's stock after purchasing an additional 54,392 shares during the period. Mraz Amerine & Associates Inc. owned approximately 0.09% of Burford Capital worth $2,814,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Capricorn Fund Managers Ltd raised its holdings in Burford Capital by 400.0% during the 2nd quarter. Capricorn Fund Managers Ltd now owns 100,000 shares of the company's stock valued at $1,426,000 after buying an additional 80,000 shares during the period. Clear Harbor Asset Management LLC raised its stake in shares of Burford Capital by 22.0% in the second quarter. Clear Harbor Asset Management LLC now owns 37,835 shares of the company's stock valued at $540,000 after acquiring an additional 6,835 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Burford Capital by 59.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 23,316 shares of the company's stock worth $332,000 after acquiring an additional 8,723 shares during the last quarter. Militia Capital Partners LP purchased a new position in shares of Burford Capital during the 1st quarter worth about $793,000. Finally, Strs Ohio bought a new position in Burford Capital during the 1st quarter valued at about $55,000.

Wall Street Analysts Forecast Growth

BUR has been the subject of several analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Burford Capital in a research note on Saturday, September 27th. Wedbush reissued an "outperform" rating and set a $18.00 price target on shares of Burford Capital in a research note on Thursday, August 14th. Finally, Wall Street Zen downgraded Burford Capital from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $18.00.

Insider Buying and Selling at Burford Capital

In other Burford Capital news, insider David Perla sold 7,000 shares of the stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total transaction of $102,200.00. Following the transaction, the insider directly owned 80,172 shares in the company, valued at $1,170,511.20. This represents a 8.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CIO Jonathan Todd Molot sold 210,000 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total transaction of $3,066,000.00. Following the transaction, the executive directly owned 3,406,625 shares in the company, valued at $49,736,725. This trade represents a 5.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 444,500 shares of company stock valued at $6,489,700 in the last ninety days. 8.90% of the stock is owned by insiders.

Burford Capital Stock Down 3.5%

Shares of NYSE BUR opened at $11.52 on Tuesday. Burford Capital Limited has a 52-week low of $10.70 and a 52-week high of $15.73. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 10.67 and a beta of 0.58. The stock has a 50 day moving average price of $13.01 and a 200 day moving average price of $13.19. The company has a debt-to-equity ratio of 0.55, a quick ratio of 10.09 and a current ratio of 10.09.

Burford Capital (NYSE:BUR - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating 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. Sell-side analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current year.

Burford Capital Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 31st will be issued a $0.0625 dividend. This represents a dividend yield of 103.0%. The ex-dividend date is Friday, October 31st. Burford Capital's payout ratio 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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