Burford Capital Limited (NYSE:BUR) Plans $0.06 Semi-annual Dividend

Burford Capital Limited (NYSE:BUR – Get Rating) announced a semi-annual dividend on Thursday, March 16th, Wall Street Journal reports. Shareholders of record on Friday, May 26th will be paid a dividend of 0.0625 per share on Friday, June 16th. This represents a yield of 3.6%. The ex-dividend date is Thursday, May 25th.

Burford Capital Trading Down 8.3 %

NYSE:BUR opened at $7.03 on Friday. The stock has a market capitalization of $1.54 billion and a P/E ratio of -58.58. Burford Capital has a 1 year low of $6.09 and a 1 year high of $11.20. The firm has a 50 day moving average of $8.50 and a 200-day moving average of $8.28.

Institutional Investors Weigh In On Burford Capital

A number of hedge funds have recently added to or reduced their stakes in BUR. JPMorgan Chase & Co. lifted its position in shares of Burford Capital by 97.6% during the first quarter. JPMorgan Chase & Co. now owns 40,734 shares of the company’s stock worth $374,000 after purchasing an additional 20,117 shares in the last quarter. Citigroup Inc. lifted its holdings in Burford Capital by 273,700.0% during the 1st quarter. Citigroup Inc. now owns 2,738 shares of the company’s stock worth $25,000 after buying an additional 2,737 shares in the last quarter. Federated Hermes Inc. boosted its position in Burford Capital by 2.7% in the 1st quarter. Federated Hermes Inc. now owns 1,040,084 shares of the company’s stock valued at $9,558,000 after buying an additional 27,034 shares during the last quarter. Bandera Partners LLC increased its stake in shares of Burford Capital by 2.4% in the 1st quarter. Bandera Partners LLC now owns 843,843 shares of the company’s stock valued at $7,755,000 after buying an additional 19,978 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Burford Capital by 162.7% during the first quarter. Renaissance Technologies LLC now owns 228,300 shares of the company’s stock worth $2,098,000 after acquiring an additional 141,400 shares during the last quarter. Institutional investors own 2.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush cut their price objective on Burford Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday.

About Burford Capital

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Burford Capital Ltd. engages in the provision of investment capital, asset management, financing, and risk solutions with a focus on the legal sector. It operates through following segments: Capital Provision, Asset Management, and Services and Other Corporate. The Capital Provision segment includes direct where the company provide capital directly to clients, and indirect where it offers capital by investing through funds that the company manage.