Burford Capital (NYSE:BUR) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Burford Capital (NYSE:BUR) in a report released on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $18.00 price objective on the stock.

Other equities research analysts also recently issued reports about the company. Wedbush reissued an outperform rating and issued a $18.00 price objective on shares of Burford Capital in a report on Friday, August 9th. Jefferies Financial Group reaffirmed a buy rating and set a $22.50 price target on shares of Burford Capital in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $19.63.

Burford Capital Stock Up 1.2 %

BUR stock opened at $12.87 on Friday. Burford Capital has a twelve month low of $12.07 and a twelve month high of $16.77. The business has a 50 day simple moving average of $13.28 and a 200-day simple moving average of $14.19. The company has a debt-to-equity ratio of 0.55, a current ratio of 11.01 and a quick ratio of 11.01.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.10). The firm had revenue of $159.65 million during the quarter, compared to analyst estimates of $153.00 million. Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. As a group, equities analysts expect that Burford Capital will post 1.1 EPS for the current year.

Burford Capital Announces Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, December 5th. Investors of record on Friday, November 1st will be issued a dividend of $0.063 per share. This represents a dividend yield of 2%. The ex-dividend date is Friday, November 1st. Burford Capital’s dividend payout ratio is presently 8.39%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BUR. Amalgamated Bank purchased a new position in Burford Capital in the second quarter worth $90,000. ADAR1 Capital Management LLC purchased a new position in Burford Capital in the fourth quarter worth $165,000. Xponance Inc. purchased a new position in Burford Capital in the second quarter worth $166,000. Paloma Partners Management Co purchased a new position in Burford Capital in the first quarter worth $192,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Burford Capital in the first quarter worth $238,000.

About Burford Capital

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.