Mraz Amerine & Associates Inc. Grows Stock Holdings in Burford Capital Limited $BUR

Mraz Amerine & Associates Inc. raised its position in Burford Capital Limited (NYSE:BUR) by 65.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 363,570 shares of the company’s stock after acquiring an additional 143,906 shares during the quarter. Burford Capital makes up 0.5% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 29th largest position. Mraz Amerine & Associates Inc.’s holdings in Burford Capital were worth $3,243,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BUR. Greenlea Lane Capital Management LLC increased its position in shares of Burford Capital by 325.4% in the second quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock valued at $45,724,000 after acquiring an additional 2,571,917 shares during the period. Contrarian Capital Management L.L.C. increased its position in shares of Burford Capital by 58.2% in the third quarter. Contrarian Capital Management L.L.C. now owns 4,044,998 shares of the company’s stock valued at $48,378,000 after acquiring an additional 1,488,250 shares during the period. Millennium Management LLC increased its position in shares of Burford Capital by 236.1% in the third quarter. Millennium Management LLC now owns 1,579,823 shares of the company’s stock valued at $18,895,000 after acquiring an additional 1,109,718 shares during the period. Cooke & Bieler LP increased its position in shares of Burford Capital by 35.2% in the third quarter. Cooke & Bieler LP now owns 3,966,223 shares of the company’s stock valued at $47,436,000 after acquiring an additional 1,033,114 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Burford Capital by 3,454.8% in the fourth quarter. SG Americas Securities LLC now owns 874,259 shares of the company’s stock valued at $7,798,000 after acquiring an additional 849,665 shares during the period.

Burford Capital Price Performance

Shares of NYSE BUR opened at $4.70 on Friday. Burford Capital Limited has a 1 year low of $3.59 and a 1 year high of $15.10. The company has a debt-to-equity ratio of 1.59, a current ratio of 13.72 and a quick ratio of 13.72. The company’s 50-day moving average is $5.43 and its 200 day moving average is $7.86. The stock has a market capitalization of $1.03 billion, a P/E ratio of -0.64, a P/E/G ratio of 0.06 and a beta of 1.28.

Burford Capital (NYSE:BUR) last announced its quarterly earnings results on Friday, February 27th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.54). Burford Capital had a net margin of 15.14% and a return on equity of 11.72%. The company had revenue of $48.78 million for the quarter, compared to analysts’ expectations of $168.30 million. On average, sell-side analysts expect that Burford Capital Limited will post 2.19 earnings per share for the current year.

Burford Capital Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, May 22nd. This represents a dividend yield of 266.0%. Burford Capital’s payout ratio is currently -1.64%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Bank of America assumed coverage on shares of Burford Capital in a research report on Wednesday, February 18th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft cut shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a research report on Monday, May 11th. Weiss Ratings cut shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Wall Street Zen cut shares of Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.33.

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.