Burford Capital Limited (BUR) To Go Ex-Dividend on May 22nd

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

Burford Capital has a payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Burford Capital to earn $0.85 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 14.1%.

Burford Capital Stock Performance

Shares of BUR stock opened at $4.28 on Wednesday. The firm has a market cap of $936.96 million, a price-to-earnings ratio of -0.58, a PEG ratio of 0.05 and a beta of 1.28. The company’s 50 day moving average is $5.58 and its 200 day moving average is $7.93. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59. Burford Capital has a 52-week low of $3.59 and a 52-week high of $15.10.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Friday, February 27th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.54). The business had revenue of $48.78 million for the quarter, compared to analysts’ expectations of $168.30 million. Burford Capital had a net margin of 15.14% and a return on equity of 11.72%. On average, sell-side analysts anticipate that Burford Capital will post 2.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Burford Capital

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

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.