Burford Capital Limited (NYSE:BUR – Get Rating)'s share price traded down 2.9% during mid-day trading on Friday . The stock traded as low as $8.45 and last traded at $8.45. 148 shares were traded during mid-day trading, a decline of 100% from the average session volume of 234,601 shares. The stock had previously closed at $8.70.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on BUR shares. Wedbush reaffirmed an "outperform" rating on shares of Burford Capital in a research note on Friday, June 10th. StockNews.com downgraded Burford Capital from a "hold" rating to a "sell" rating in a research note on Wednesday, August 10th.
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Burford Capital Stock Performance
The stock has a 50 day moving average price of $10.17 and a two-hundred day moving average price of $9.68.
Burford Capital Announces Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 4th will be issued a dividend of $0.0625 per share. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 3rd.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in BUR. Invesco Ltd. acquired a new position in shares of Burford Capital during the 1st quarter valued at about $110,137,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Burford Capital during the 1st quarter valued at about $13,687,000. Jane Street Group LLC increased its holdings in shares of Burford Capital by 4,092.2% during the 1st quarter. Jane Street Group LLC now owns 1,031,163 shares of the company's stock valued at $9,405,000 after acquiring an additional 1,006,566 shares during the last quarter. CI Investments Inc. increased its holdings in shares of Burford Capital by 7.4% during the 1st quarter. CI Investments Inc. now owns 11,531,792 shares of the company's stock valued at $105,977,000 after acquiring an additional 798,779 shares during the last quarter. Finally, Sycale Advisors NY LLC increased its holdings in shares of Burford Capital by 766.7% during the 2nd quarter. Sycale Advisors NY LLC now owns 799,262 shares of the company's stock valued at $8,064,000 after acquiring an additional 707,041 shares during the last quarter. Institutional investors and hedge funds own 5.67% of the company's stock.
Burford Capital Company Profile
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Burford Capital Limited, through its subsidiaries, provides legal finance products and services. The company offers asset management services, including core legal finance, complex strategies, and post-settlement finance. The company was incorporated in 2009 and is based in Saint Peter Port, Guernsey.
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