Burford Capital Limited Declares Dividend of $0.06 (NYSE:BUR)

Burford Capital Limited (NYSE:BUR) declared a dividend on Wednesday, February 25th. Investors of record on Friday, May 22nd will be paid a dividend of 0.0625 per share on Friday, June 12th. This represents a dividend yield of 147.0%. The ex-dividend date is Friday, May 22nd.

Burford Capital has a dividend payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Burford Capital to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 7.0%.

Burford Capital Stock Down 11.2%

NYSE BUR traded down $1.07 during mid-day trading on Thursday, hitting $8.51. The company’s stock had a trading volume of 3,847,451 shares, compared to its average volume of 1,517,621. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 0.17 and a beta of 0.58. The company’s 50 day simple moving average is $9.39 and its 200 day simple moving average is $10.56. The company has a current ratio of 14.99, a quick ratio of 14.99 and a debt-to-equity ratio of 0.67. Burford Capital has a twelve month low of $8.12 and a twelve month high of $15.73.

Hedge Funds Weigh In On Burford Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Burford Capital by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,261 shares of the company’s stock worth $1,575,000 after buying an additional 5,229 shares during the last quarter. Millennium Management LLC grew its position in shares of Burford Capital by 2,967.7% during the 1st quarter. Millennium Management LLC now owns 657,283 shares of the company’s stock valued at $8,683,000 after acquiring an additional 635,857 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Burford Capital by 14.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,206,303 shares of the company’s stock worth $15,935,000 after purchasing an additional 152,792 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Burford Capital by 8.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,562 shares of the company’s stock worth $6,058,000 after purchasing an additional 35,541 shares during the period. Finally, Jane Street Group LLC lifted its stake in Burford Capital by 369.9% in the first quarter. Jane Street Group LLC now owns 201,950 shares of the company’s stock valued at $2,667,000 after purchasing an additional 158,973 shares during the last quarter.

About Burford Capital

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.