Burford Capital Limited (NYSE:BUR) Shares Acquired by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. boosted its position in shares of Burford Capital Limited (NYSE:BUR) by 25.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,659 shares of the company’s stock after purchasing an additional 24,799 shares during the period. Mraz Amerine & Associates Inc. owned approximately 0.06% of Burford Capital worth $1,640,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cannon Global Investment Management LLC acquired a new stake in shares of Burford Capital during the first quarter valued at about $629,000. Baillie Gifford & Co. increased its holdings in Burford Capital by 112.7% during the 1st quarter. Baillie Gifford & Co. now owns 1,327,511 shares of the company’s stock worth $20,845,000 after purchasing an additional 703,518 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Burford Capital in the 1st quarter valued at approximately $238,000. Central Pacific Bank Trust Division purchased a new position in shares of Burford Capital during the 1st quarter valued at approximately $316,000. Finally, Quantbot Technologies LP grew its position in shares of Burford Capital by 5.2% during the first quarter. Quantbot Technologies LP now owns 42,576 shares of the company’s stock worth $680,000 after buying an additional 2,120 shares in the last quarter.

Burford Capital Trading Up 0.6 %

NYSE BUR opened at $13.79 on Friday. The firm has a market capitalization of $3.02 billion, a PE ratio of 9.64 and a beta of 0.53. Burford Capital Limited has a one year low of $12.07 and a one year high of $16.77. The company has a 50-day simple moving average of $13.31 and a 200-day simple moving average of $13.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 11.01 and a current ratio of 11.01.

Burford Capital (NYSE:BUR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.10). Burford Capital had a return on equity of 12.58% and a net margin of 45.81%. The company had revenue of $159.65 million during the quarter, compared to the consensus estimate of $153.00 million. On average, equities analysts forecast that Burford Capital Limited will post 1.09 earnings per share for the current year.

Burford Capital Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, December 5th. Investors of record on Friday, November 1st will be given a $0.063 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a yield of 2%. Burford Capital’s dividend payout ratio is presently 8.39%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BUR shares. Jefferies Financial Group reiterated a “buy” rating and set a $22.50 price objective on shares of Burford Capital in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Burford Capital in a report on Friday, September 6th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Wedbush reaffirmed an “outperform” rating and set a $18.00 target price on shares of Burford Capital in a report on Friday, August 9th.

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.