Brokerages Set Burford Capital Limited (NYSE:BUR) PT at $16.00

Burford Capital Limited (NYSE:BUR) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $16.00.

BUR has been the subject of a number of analyst reports. Wedbush began coverage on Burford Capital in a report on Friday, February 20th. They issued an “outperform” rating and a $14.00 price target for the company. Wall Street Zen lowered Burford Capital from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Burford Capital in a report on Monday, December 29th. Zacks Research downgraded Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, Bank of America started coverage on Burford Capital in a report on Wednesday, February 18th. They set a “buy” rating for the company.

Institutional Trading of Burford Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Burford Capital by 1,687.7% in the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after purchasing an additional 2,751 shares during the period. Strs Ohio bought a new position in shares of Burford Capital in the first quarter worth $55,000. KBC Group NV purchased a new stake in shares of Burford Capital in the second quarter worth $70,000. Quadrant Capital Group LLC purchased a new stake in shares of Burford Capital in the fourth quarter worth $53,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Burford Capital during the third quarter valued at $120,000.

Burford Capital Stock Down 6.0%

Burford Capital stock opened at $7.69 on Friday. The firm has a 50 day simple moving average of $9.07 and a 200 day simple moving average of $9.90. 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 has a 1-year low of $7.52 and a 1-year high of $15.10. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 0.20 and a beta of 0.66.

Burford Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a yield of 147.0%. Burford Capital’s payout ratio is currently 44.44%.

Burford Capital Company Profile

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.