67,242 Shares in Burford Capital Limited $BUR Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Burford Capital Limited (NYSE:BUR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 67,242 shares of the company’s stock, valued at approximately $804,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BUR. Orbis Allan Gray Ltd grew its position in shares of Burford Capital by 6.9% during the 2nd quarter. Orbis Allan Gray Ltd now owns 7,732,120 shares of the company’s stock worth $110,260,000 after buying an additional 496,616 shares during the period. Invesco Ltd. lifted its position in shares of Burford Capital by 34.3% during the 2nd quarter. Invesco Ltd. now owns 6,078,537 shares of the company’s stock valued at $86,680,000 after acquiring an additional 1,551,357 shares during the period. Cooke & Bieler LP boosted its stake in Burford Capital by 35.2% during the third quarter. Cooke & Bieler LP now owns 3,966,223 shares of the company’s stock worth $47,436,000 after acquiring an additional 1,033,114 shares in the last quarter. Greenlea Lane Capital Management LLC boosted its stake in Burford Capital by 325.4% during the second quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock worth $45,724,000 after acquiring an additional 2,571,917 shares in the last quarter. Finally, Bandera Partners LLC grew its holdings in Burford Capital by 42.1% in the second quarter. Bandera Partners LLC now owns 2,510,883 shares of the company’s stock worth $35,805,000 after purchasing an additional 743,769 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Bank of America started coverage on shares of Burford Capital in a research note on Wednesday, February 18th. They issued a “buy” rating for the company. Wall Street Zen downgraded Burford Capital from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Zacks Research lowered Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. B. Riley Financial reaffirmed a “buy” rating and set a $18.00 price target (down from $20.00) on shares of Burford Capital in a research note on Tuesday, November 11th. Finally, Wedbush initiated coverage on Burford Capital in a report on Friday, February 20th. They issued an “outperform” rating and a $14.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

Burford Capital Stock Performance

BUR opened at $7.77 on Friday. The company has a current ratio of 10.93, a quick ratio of 10.93 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average price is $9.28 and its two-hundred day moving average price is $10.30. Burford Capital Limited has a 1-year low of $7.67 and a 1-year high of $15.10. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 0.17 and a beta of 0.66.

Burford Capital Dividend Announcement

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

Burford Capital 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.