Mraz Amerine & Associates Inc. Acquires 143,906 Shares of Burford Capital Limited $BUR

Mraz Amerine & Associates Inc. increased its holdings in Burford Capital Limited (NYSE:BUR) by 65.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 363,570 shares of the company’s stock after buying an additional 143,906 shares during the period. Burford Capital accounts for 0.5% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 29th biggest position. Mraz Amerine & Associates Inc. owned approximately 0.17% of Burford Capital worth $3,243,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Burford Capital by 1,687.7% in the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after purchasing an additional 2,751 shares during the period. Strs Ohio bought a new stake in shares of Burford Capital during the 1st quarter worth $55,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Burford Capital during the 3rd quarter worth $120,000. State of Alaska Department of Revenue bought a new stake in shares of Burford Capital during the 3rd quarter worth $124,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Burford Capital during the 3rd quarter worth $128,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BUR shares. Bank of America started coverage on shares of Burford Capital in a report on Wednesday, February 18th. They set a “buy” rating for the company. Wedbush lifted their price objective on shares of Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a report on Monday, May 11th. Wall Street Zen downgraded shares of Burford Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Burford Capital has an average rating of “Hold” and an average price target of $9.33.

Burford Capital Price Performance

Shares of NYSE:BUR opened at $4.70 on Friday. The stock has a market cap of $1.03 billion, a PE ratio of -0.64, a PEG ratio of 0.06 and a beta of 1.28. The company’s fifty day moving average is $5.43 and its 200 day moving average is $7.86. Burford Capital Limited has a 52 week low of $3.59 and a 52 week high of $15.10. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59.

Burford Capital (NYSE:BUR) last issued its earnings results on Friday, February 27th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.54). The business had revenue of $48.78 million during the quarter, compared to analysts’ expectations of $168.30 million. Burford Capital had a return on equity of 11.72% and a net margin of 15.14%. Research analysts anticipate that Burford Capital Limited will post 2.19 earnings per share for the current year.

Burford Capital Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a $0.0625 dividend. This represents a yield of 266.0%. The ex-dividend date is Friday, May 22nd. Burford Capital’s dividend payout ratio (DPR) is presently -1.64%.

About Burford Capital

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.