Citigroup Inc. Grows Stock Position in Burford Capital Limited (NYSE:BUR)

Citigroup Inc. lifted its stake in Burford Capital Limited (NYSE:BUR) by 17,873.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,190,579 shares of the company’s stock after purchasing an additional 1,183,955 shares during the period. Citigroup Inc. owned about 0.54% of Burford Capital worth $14,508,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Burford Capital by 97.6% during the 1st quarter. JPMorgan Chase & Co. now owns 40,734 shares of the company’s stock worth $374,000 after buying an additional 20,117 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Burford Capital by 2.7% during the 1st quarter. Federated Hermes Inc. now owns 1,040,084 shares of the company’s stock worth $9,558,000 after buying an additional 27,034 shares during the last quarter. Bandera Partners LLC lifted its holdings in Burford Capital by 2.4% during the 1st quarter. Bandera Partners LLC now owns 843,843 shares of the company’s stock worth $7,755,000 after buying an additional 19,978 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Burford Capital by 162.7% during the 1st quarter. Renaissance Technologies LLC now owns 228,300 shares of the company’s stock worth $2,098,000 after buying an additional 141,400 shares during the last quarter. Finally, Invesco Ltd. purchased a new stake in Burford Capital during the 1st quarter worth about $110,137,000.

Analyst Ratings Changes

A number of analysts have issued reports on the company. StockNews.com assumed coverage on Burford Capital in a report on Thursday, October 5th. They set a “hold” rating for the company. B. Riley lifted their target price on Burford Capital from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, September 11th. Finally, Wedbush cut their target price on Burford Capital from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th.

Burford Capital Stock Up 7.2 %

BUR opened at $14.23 on Tuesday. The business’s 50-day simple moving average is $13.46 and its 200-day simple moving average is $13.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 9.68 and a current ratio of 9.68. Burford Capital Limited has a one year low of $6.09 and a one year high of $17.70. The stock has a market capitalization of $3.12 billion and a P/E ratio of 9.18.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Wednesday, September 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.42). The company had revenue of $44.55 million during the quarter, compared to analysts’ expectations of $134.00 million. Analysts anticipate that Burford Capital Limited will post 2.17 EPS for the current year.

Burford Capital Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Thursday, December 7th. Investors of record on Friday, November 10th will be given a $0.0625 dividend. This represents a yield of 1.6%. The ex-dividend date is Thursday, November 9th. Burford Capital’s dividend payout ratio (DPR) is presently 7.74%.

Burford Capital Profile

Burford Capital Limited, through its subsidiaries, 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.