Emeth Value Capital LLC Boosts Stock Holdings in Burford Capital Limited $BUR

Emeth Value Capital LLC increased its holdings in shares of Burford Capital Limited (NYSE:BUR) by 1.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,489,718 shares of the company’s stock after buying an additional 17,182 shares during the period. Burford Capital accounts for approximately 18.9% of Emeth Value Capital LLC’s portfolio, making the stock its 3rd biggest holding. Emeth Value Capital LLC’s holdings in Burford Capital were worth $21,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. CWM LLC boosted its stake in Burford Capital by 131.3% during 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 in the last quarter. Aberdeen Group plc bought a new stake in Burford Capital during the second quarter worth about $29,208,000. KLP Kapitalforvaltning AS bought a new stake in Burford Capital during the second quarter worth about $649,000. Mraz Amerine & Associates Inc. boosted its stake in Burford Capital by 38.1% during the second quarter. Mraz Amerine & Associates Inc. now owns 197,301 shares of the company’s stock worth $2,814,000 after acquiring an additional 54,392 shares in the last quarter. Finally, Capricorn Fund Managers Ltd boosted its stake in Burford Capital by 400.0% during the second quarter. Capricorn Fund Managers Ltd now owns 100,000 shares of the company’s stock worth $1,426,000 after acquiring an additional 80,000 shares in the last quarter.

Burford Capital Trading Down 3.4%

Shares of NYSE BUR opened at $11.16 on Monday. The firm’s 50 day moving average price is $12.90 and its 200-day moving average price is $13.12. The company has a market cap of $2.44 billion, a PE ratio of 10.33 and a beta of 0.58. Burford Capital Limited has a 52-week low of $10.70 and a 52-week high of $15.73. The company has a debt-to-equity ratio of 0.55, a quick ratio of 10.09 and a current ratio of 10.09.

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

Burford Capital Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 31st will be issued a $0.0625 dividend. The ex-dividend date is Friday, October 31st. This represents a yield of 103.0%. Burford Capital’s dividend payout ratio (DPR) is currently 11.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BUR shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Burford Capital in a research note on Wednesday, October 8th. Wedbush reissued an “outperform” rating and set a $18.00 price objective on shares of Burford Capital in a research note on Thursday, August 14th. Finally, Wall Street Zen downgraded shares of Burford Capital from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $18.00.

Burford Capital 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.