575,000 Shares in Burford Capital Limited $BUR Acquired by Rovida Advisors Inc.

Rovida Advisors Inc. purchased a new stake in Burford Capital Limited (NYSE:BUR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 575,000 shares of the company’s stock, valued at approximately $8,200,000. Burford Capital accounts for approximately 1.5% of Rovida Advisors Inc.’s holdings, making the stock its 12th largest holding. Rovida Advisors Inc. owned approximately 0.26% of Burford Capital as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Contrarian Capital Management L.L.C. purchased a new position in Burford Capital in the first quarter valued at $32,586,000. Aberdeen Group plc acquired a new position in shares of Burford Capital during the second quarter worth about $29,208,000. Cooke & Bieler LP purchased a new stake in shares of Burford Capital during the first quarter worth approximately $24,761,000. Bank of Montreal Can lifted its stake in Burford Capital by 58.1% in the second quarter. Bank of Montreal Can now owns 4,976,941 shares of the company’s stock worth $71,594,000 after acquiring an additional 1,829,585 shares during the last quarter. Finally, Orbis Allan Gray Ltd grew its holdings in Burford Capital by 10.3% during the 1st quarter. Orbis Allan Gray Ltd now owns 7,235,504 shares of the company’s stock worth $95,581,000 after acquiring an additional 677,271 shares in the last quarter.

Burford Capital Trading Up 1.1%

Shares of BUR stock opened at $9.08 on Wednesday. The company has a market capitalization of $1.99 billion, a P/E ratio of 8.41 and a beta of 0.56. The company has a current ratio of 10.09, a quick ratio of 10.09 and a debt-to-equity ratio of 0.55. Burford Capital Limited has a twelve month low of $8.76 and a twelve month high of $15.73. The business’s 50 day moving average is $11.43 and its two-hundred day moving average is $12.68.

Burford Capital (NYSE:BUR) last issued its earnings results on Wednesday, November 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.39). Burford Capital had a net margin of 37.08% and a return on equity of 7.48%. The firm had revenue of $174.85 million during the quarter, compared to analysts’ expectations of $136.03 million. Equities analysts forecast that Burford Capital Limited will post 1.28 EPS for the current year.

Burford Capital Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, October 31st will be given a dividend of $0.0625 per share. This represents a dividend yield of 125.0%. The ex-dividend date is Friday, October 31st. Burford Capital’s payout ratio is presently 31.58%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Zacks Research downgraded shares of Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Weiss Ratings downgraded shares of Burford Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Wedbush reissued an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a research report on Thursday, August 14th. B. Riley reaffirmed a “buy” rating and set a $18.00 price objective (down previously from $20.00) on shares of Burford Capital in a report on Tuesday. Finally, Wall Street Zen downgraded Burford Capital from a “hold” rating to a “sell” rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.00.

Burford Capital Company 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.