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Burford Capital (NYSE:BUR) Shares Gap Down to $7.42

Defense World · Sep 29, 2022 05:02

Burford Capital Limited (NYSE:BUR – Get Rating) gapped down before the market opened on Tuesday . The stock had previously closed at $7.42, but opened at $7.24. Burford Capital shares last traded at $7.24, with a volume of 23 shares changing hands.

Analyst Ratings Changes

BUR has been the subject of a number of research reports. Wedbush restated an "outperform" rating on shares of Burford Capital in a research report on Friday, June 10th. StockNews.com downgraded shares of Burford Capital from a "hold" rating to a "sell" rating in a research report on Wednesday, August 10th.

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Burford Capital Price Performance

The business's 50-day simple moving average is $9.44 and its two-hundred day simple moving average is $9.63.

Burford Capital Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Invesco Ltd. acquired a new position in shares of Burford Capital in the first quarter worth about $110,137,000. CI Investments Inc. raised its position 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 worth $105,977,000 after purchasing an additional 798,779 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Burford Capital by 3.4% during the 2nd quarter. Baillie Gifford & Co. now owns 1,674,507 shares of the company's stock worth $16,370,000 after purchasing an additional 54,550 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Burford Capital by 5.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,577,738 shares of the company's stock worth $15,466,000 after purchasing an additional 76,720 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Burford Capital by 2.7% during the 1st quarter. Federated Hermes Inc. now owns 1,040,084 shares of the company's stock worth $9,558,000 after purchasing an additional 27,034 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.