Burford Capital Limited Expected to Post Q4 2024 Earnings of $0.75 Per Share (NYSE:BUR)

Burford Capital Limited (NYSE:BUR) – Stock analysts at Wedbush upped their Q4 2024 EPS estimates for shares of Burford Capital in a research note issued on Monday, May 13th. Wedbush analyst D. Chiaverini now expects that the company will earn $0.75 per share for the quarter, up from their previous forecast of $0.61. The consensus estimate for Burford Capital’s current full-year earnings is $2.04 per share.

Burford Capital (NYSE:BUR) last released its earnings results on Thursday, March 14th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Burford Capital had a net margin of 42.81% and a return on equity of 10.73%. The business had revenue of $292.57 million for the quarter, compared to analyst estimates of $142.00 million.

Burford Capital Stock Performance

Burford Capital stock opened at $14.24 on Wednesday. The company has a current ratio of 9.53, a quick ratio of 9.53 and a debt-to-equity ratio of 0.48. Burford Capital has a 1 year low of $11.78 and a 1 year high of $17.70. The company has a market cap of $3.12 billion and a PE ratio of 9.96. The company’s 50-day moving average is $15.23 and its two-hundred day moving average is $14.62.

Burford Capital Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be paid a $0.063 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from Burford Capital’s previous Semi-Annual dividend of $0.06. This represents a dividend yield of 1.7%. Burford Capital’s dividend payout ratio is 8.39%.

Institutional Trading of Burford Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC bought a new stake in shares of Burford Capital in the 4th quarter valued at about $31,000. Covestor Ltd increased its stake in shares of Burford Capital by 75.9% in the 3rd quarter. Covestor Ltd now owns 7,285 shares of the company’s stock valued at $102,000 after acquiring an additional 3,144 shares during the last quarter. ADAR1 Capital Management LLC bought a new stake in shares of Burford Capital in the 4th quarter valued at about $165,000. SG Americas Securities LLC bought a new stake in shares of Burford Capital in the 4th quarter valued at about $180,000. Finally, Paloma Partners Management Co bought a new stake in Burford Capital during the 1st quarter worth approximately $192,000.

Burford Capital Company Profile

Burford Capital Limited 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; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.