Bank of Montreal Can Has $71.59 Million Stock Holdings in Burford Capital Limited $BUR

Bank of Montreal Can lifted its stake in Burford Capital Limited (NYSE:BUR) by 58.1% during the second quarter, HoldingsChannel reports. The fund owned 4,976,941 shares of the company’s stock after purchasing an additional 1,829,585 shares during the quarter. Bank of Montreal Can’s holdings in Burford Capital were worth $71,594,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ridgewood Investments LLC acquired a new position in shares of Burford Capital in the first quarter worth $26,000. CWM LLC increased its stake in shares of Burford Capital by 131.3% in the second quarter. CWM LLC now owns 3,625 shares of the company’s stock worth $52,000 after acquiring an additional 2,058 shares during the last quarter. Strs Ohio acquired a new position in shares of Burford Capital in the first quarter worth $55,000. Ieq Capital LLC acquired a new position in shares of Burford Capital in the first quarter worth $132,000. Finally, American Century Companies Inc. acquired a new position in shares of Burford Capital in the first quarter worth $134,000.

Burford Capital Price Performance

Shares of Burford Capital stock opened at $9.46 on Wednesday. Burford Capital Limited has a 1-year low of $9.31 and a 1-year high of $15.73. The firm’s 50-day moving average price is $11.90 and its two-hundred day moving average price is $12.84. The company has a current ratio of 10.09, a quick ratio of 10.09 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 8.76 and a beta of 0.58.

Burford Capital (NYSE:BUR) last posted its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Burford Capital had a net margin of 37.08% and a return on equity of 7.48%. The company had revenue of $191.29 million during the quarter, compared to analysts’ expectations of $159.02 million. On average, equities analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Burford Capital Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 31st will be given a $0.0625 dividend. This represents a yield of 125.0%. The ex-dividend date is Friday, October 31st. Burford Capital’s payout ratio is 11.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. B. Riley raised shares of Burford Capital to a “strong-buy” rating in a research note on Thursday, October 16th. Weiss Ratings downgraded shares of Burford Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Wall Street Zen downgraded Burford Capital from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Finally, Wedbush restated an “outperform” rating and set a $18.00 price objective on shares of Burford Capital in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Burford Capital has an average rating of “Buy” and a consensus target price of $18.00.

Burford Capital Company Profile

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.