Quantbot Technologies LP Takes Position in Burford Capital Limited $BUR

Quantbot Technologies LP acquired a new stake in Burford Capital Limited (NYSE:BUR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 67,242 shares of the company’s stock, valued at approximately $804,000.

Several other hedge funds have also added to or reduced their stakes in the business. Strs Ohio bought a new stake in Burford Capital during the 1st quarter worth approximately $55,000. KBC Group NV bought a new position in shares of Burford Capital during the second quarter valued at $70,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Burford Capital during the third quarter worth $120,000. State of Alaska Department of Revenue acquired a new position in shares of Burford Capital during the third quarter worth $124,000. Finally, GWN Securities Inc. bought a new stake in shares of Burford Capital in the third quarter worth $132,000.

Burford Capital Price Performance

Shares of NYSE BUR opened at $7.77 on Friday. The company has a market capitalization of $1.70 billion, a PE ratio of 28.77, a P/E/G ratio of 0.17 and a beta of 0.66. The company has a quick ratio of 10.93, a current ratio of 10.93 and a debt-to-equity ratio of 0.68. Burford Capital Limited has a twelve month low of $7.67 and a twelve month high of $15.10. The firm has a fifty day simple moving average of $9.28 and a 200 day simple moving average of $10.30.

Burford Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a dividend yield of 147.0%. Burford Capital’s dividend payout ratio (DPR) is 44.44%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen lowered Burford Capital from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. B. Riley Financial reissued a “buy” rating and issued a $18.00 price target (down from $20.00) on shares of Burford Capital in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Burford Capital in a research report on Monday, December 29th. Zacks Research lowered Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, Wedbush initiated coverage on Burford Capital in a report on Friday, February 20th. They issued an “outperform” rating and a $14.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Burford Capital currently has a consensus rating of “Hold” and a consensus target price of $16.00.

Burford Capital Company Profile

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.