Equities Analysts Set Expectations for Burford Capital Limited’s FY2023 Earnings (NYSE:BUR)

Burford Capital Limited (NYSE:BUR) – Analysts at Wedbush issued their FY2023 earnings estimates for Burford Capital in a report issued on Friday, September 10th. Wedbush analyst D. Chiaverini expects that the company will earn $1.15 per share for the year. Wedbush has a “Outperform” rating and a $15.00 price target on the stock.

Separately, Zacks Investment Research downgraded shares of Burford Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, July 27th.

Shares of NYSE:BUR opened at $10.83 on Monday. The firm has a market cap of $2.37 billion and a PE ratio of 13.88. The firm’s 50 day simple moving average is $11.21 and its 200-day simple moving average is $10.82. Burford Capital has a one year low of $8.00 and a one year high of $13.55.

The company also recently announced a semi-annual dividend, which will be paid on Thursday, December 2nd. Shareholders of record on Friday, November 12th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, November 10th. This represents a yield of 3.4%.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of Burford Capital by 38.5% in the 1st quarter. BlackRock Inc. now owns 1,579,159 shares of the company’s stock worth $14,212,000 after acquiring an additional 438,803 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Burford Capital in the 2nd quarter valued at approximately $8,126,000. State of Wisconsin Investment Board increased its position in shares of Burford Capital by 18.2% in the 1st quarter. State of Wisconsin Investment Board now owns 48,632 shares of the company’s stock valued at $421,000 after purchasing an additional 7,498 shares during the last quarter. Pictet North America Advisors SA purchased a new stake in shares of Burford Capital in the 1st quarter valued at approximately $66,264,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Burford Capital in the 1st quarter valued at approximately $178,000.

About Burford Capital

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.

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