Burford Capital (NYSE:BUR) Receives New Coverage from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burford Capital (NYSE:BUR) in a research note released on Friday, MarketBeat reports. The firm issued a buy rating and a $18.00 target price on the stock.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group reaffirmed a buy rating and set a $22.50 price objective on shares of Burford Capital in a report on Tuesday, July 2nd. Wedbush reaffirmed an outperform rating and set a $18.00 price target on shares of Burford Capital in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $19.63.

Burford Capital Price Performance

Burford Capital stock opened at $12.71 on Friday. The business has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $14.22. Burford Capital has a 12 month low of $12.07 and a 12 month high of $17.70. The company has a debt-to-equity ratio of 0.55, a current ratio of 11.01 and a quick ratio of 11.01. The stock has a market capitalization of $2.78 billion, a PE ratio of 8.89 and a beta of 0.53.

Burford Capital (NYSE:BUR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. The firm had revenue of $159.65 million during the quarter, compared to analyst estimates of $153.00 million. Equities analysts predict that Burford Capital will post 1.1 earnings per share for the current year.

Burford Capital Announces Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, December 5th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.063 per share. This represents a yield of 2%. The ex-dividend date is Friday, November 1st. Burford Capital’s dividend payout ratio is currently 8.39%.

Institutional Investors Weigh In On Burford Capital

A number of institutional investors have recently added to or reduced their stakes in BUR. Mithaq Capital SPC acquired a new stake in shares of Burford Capital in the 4th quarter valued at about $355,631,000. Bank of Montreal Can raised its position in shares of Burford Capital by 367.7% during the 2nd quarter. Bank of Montreal Can now owns 5,753,031 shares of the company’s stock valued at $75,077,000 after acquiring an additional 4,523,087 shares in the last quarter. M&G Plc acquired a new position in Burford Capital in the first quarter worth $18,108,000. Bank of New York Mellon Corp increased its stake in Burford Capital by 4,376.3% during the second quarter. Bank of New York Mellon Corp now owns 1,039,300 shares of the company’s stock valued at $13,563,000 after purchasing an additional 1,016,082 shares during the last quarter. Finally, Baillie Gifford & Co. grew its position in shares of Burford Capital by 112.7% during the 1st quarter. Baillie Gifford & Co. now owns 1,327,511 shares of the company’s stock valued at $20,845,000 after buying an additional 703,518 shares during the last quarter.

About Burford Capital

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.