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Burford Capital (NYSE:BUR) Shares Gap Down to $8.95

Financial News Live · Sep 7, 2022 11:51

Burford Capital Limited (NYSE:BUR – Get Rating) shares gapped down prior to trading on Wednesday . The stock had previously closed at $8.95, but opened at $8.53. Burford Capital shares last traded at $8.70, with a volume of 5,378 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on BUR shares. B. Riley started coverage on Burford Capital in a research report on Friday, May 13th. They issued a "buy" rating and a $15.00 target price for the company. StockNews.com lowered shares of Burford Capital from a "hold" rating to a "sell" rating in a research report on Wednesday, August 10th. Finally, Wedbush restated an "outperform" rating on shares of Burford Capital in a research report on Friday, June 10th.

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Burford Capital Stock Performance

The business has a 50-day simple moving average of $10.44 and a 200-day simple moving average of $9.61.

Burford Capital Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 4th will be given a dividend of $0.0625 per share. This represents a dividend yield of 2.3%. The ex-dividend date is Thursday, November 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BUR. Invesco Ltd. acquired a new stake in Burford Capital in the 1st quarter valued at approximately $110,137,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Burford Capital during the first quarter worth about $13,687,000. Jane Street Group LLC lifted its holdings in shares of Burford Capital by 4,092.2% during the first quarter. Jane Street Group LLC now owns 1,031,163 shares of the company's stock worth $9,405,000 after purchasing an additional 1,006,566 shares during the period. CI Investments Inc. raised its holdings in Burford Capital by 7.4% during the first quarter. CI Investments Inc. now owns 11,531,792 shares of the company's stock worth $105,977,000 after purchasing an additional 798,779 shares in the last quarter. Finally, Sycale Advisors NY LLC lifted its holdings in shares of Burford Capital by 766.7% in the 2nd quarter. Sycale Advisors NY LLC now owns 799,262 shares of the company's stock valued at $8,064,000 after buying an additional 707,041 shares during the period. 5.67% of the stock is currently owned by hedge funds and other institutional investors.

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.