2,048,271 Shares in Burford Capital Limited $BUR Purchased by Aberdeen Group plc

Aberdeen Group plc bought a new stake in shares of Burford Capital Limited (NYSE:BUR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,048,271 shares of the company’s stock, valued at approximately $29,208,000.

Several other large investors have also modified their holdings of BUR. Ridgewood Investments LLC purchased a new position in shares of Burford Capital during the first quarter valued at approximately $26,000. Strs Ohio purchased a new position in Burford Capital during the 1st quarter valued at $55,000. Ieq Capital LLC purchased a new position in Burford Capital during the 1st quarter valued at $132,000. American Century Companies Inc. purchased a new position in Burford Capital during the 1st quarter valued at $134,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Burford Capital during the first quarter valued at $136,000.

Burford Capital Trading Down 3.4%

NYSE:BUR opened at $11.16 on Monday. The firm has a 50 day moving average of $12.90 and a 200 day moving average of $13.12. 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 Limited has a 52 week low of $10.70 and a 52 week high of $15.73. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 10.33 and a beta of 0.58.

Burford Capital (NYSE:BUR) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. The company had revenue of $191.29 million for the quarter, compared to analyst estimates of $159.02 million. Burford Capital had a net margin of 37.08% and a return on equity of 7.48%. As a group, sell-side analysts anticipate that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on BUR shares. Wedbush reiterated an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a report on Thursday, August 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Burford Capital in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Burford Capital from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $18.00.

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.