Onex Canada Asset Management Inc. Raises Stock Position in Burford Capital Limited $BUR

Key Points

• Onex Canada Asset Management boosted its stake in Burford Capital by 15.2% in Q3 to 1,306,902 shares, representing about 2.0% of Onex's portfolio and roughly 0.60% ownership of Burford (valued at $15.63M).
• Analyst sentiment is mixed: the consensus is a Hold rating with an average price target of $16.00 (three Buy ratings and two Sell ratings), ranging from "strong sell" downgrades to new "buy"/"outperform" initiations.
• Burford shares traded around $7.92 with a 52‑week range of $7.52–$15.10 and a market cap of about $1.73B, and the company announced a $0.0625 dividend (ex‑dividend May 22, payable June 12).

Onex Canada Asset Management Inc. boosted its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 15.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,306,902 shares of the company's stock after acquiring an additional 172,152 shares during the period. Burford Capital accounts for about 2.0% of Onex Canada Asset Management Inc.'s portfolio, making the stock its 17th largest holding. Onex Canada Asset Management Inc. owned approximately 0.60% of Burford Capital worth $15,631,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Burford Capital by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,261 shares of the company's stock worth $1,575,000 after purchasing an additional 5,229 shares during the period. Millennium Management LLC boosted its position in shares of Burford Capital by 2,967.7% during the first quarter. Millennium Management LLC now owns 657,283 shares of the company's stock worth $8,683,000 after buying an additional 635,857 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Burford Capital by 14.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,206,303 shares of the company's stock valued at $15,935,000 after buying an additional 152,792 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Burford Capital by 8.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,562 shares of the company's stock valued at $6,058,000 after buying an additional 35,541 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Burford Capital by 369.9% in the 1st quarter. Jane Street Group LLC now owns 201,950 shares of the company's stock valued at $2,667,000 after buying an additional 158,973 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on BUR. Zacks Research downgraded Burford Capital from a "hold" rating to a "strong sell" rating in a research report on Monday, March 2nd. Wall Street Zen cut shares of Burford Capital from a "hold" rating to a "sell" rating in a research report on Sunday, December 21st. Wedbush initiated coverage on shares of Burford Capital in a research note on Friday, February 20th. They issued an "outperform" rating and a $14.00 price objective for the company. Bank of America assumed coverage on shares of Burford Capital in a report on Wednesday, February 18th. They issued a "buy" rating for the company. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Burford Capital in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $16.00.

Burford Capital Stock Performance

Shares of Burford Capital stock opened at $7.92 on Friday. The company has a quick ratio of 10.93, a current ratio of 10.93 and a debt-to-equity ratio of 0.68. Burford Capital Limited has a 52 week low of $7.52 and a 52 week high of $15.10. The firm's 50 day moving average is $9.19 and its two-hundred day moving average is $10.13. The firm has a market capitalization of $1.73 billion, a P/E ratio of 29.32, a P/E/G ratio of 0.20 and a beta of 0.66.

Burford Capital Announces Dividend

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

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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