Burford Capital Limited (NYSE:BUR) Expected to Earn FY2022 Earnings of $0.16 Per Share

Burford Capital Limited (NYSE:BUR – Get Rating) – Wedbush decreased their FY2022 earnings per share (EPS) estimates for shares of Burford Capital in a research note issued to investors on Thursday, March 16th. Wedbush analyst D. Chiaverini now forecasts that the company will earn $0.16 per share for the year, down from their prior forecast of $0.17. Wedbush currently has a “Outperform” rating and a $13.00 price target on the stock. The consensus estimate for Burford Capital’s current full-year earnings is $0.50 per share. Wedbush also issued estimates for Burford Capital’s FY2023 earnings at $1.15 EPS.

Burford Capital Stock Down 4.0 %

BUR opened at $6.75 on Friday. The business has a 50 day moving average price of $8.46 and a two-hundred day moving average price of $8.28. The company has a market cap of $1.48 billion and a PE ratio of -56.25. Burford Capital has a 52 week low of $6.09 and a 52 week high of $11.20.

Burford Capital Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.0625 per share. This represents a yield of 3.6%. The ex-dividend date of this dividend is Thursday, May 25th.

Institutional Trading of Burford Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. raised its stake in Burford Capital by 273,700.0% during the 1st quarter. Citigroup Inc. now owns 2,738 shares of the company’s stock valued at $25,000 after acquiring an additional 2,737 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Burford Capital during the 4th quarter worth approximately $105,000. Guardian Wealth Management Inc. raised its stake in shares of Burford Capital by 64.5% during the 4th quarter. Guardian Wealth Management Inc. now owns 13,205 shares of the company’s stock worth $108,000 after buying an additional 5,180 shares in the last quarter. Pictet Asset Management SA raised its stake in shares of Burford Capital by 14.0% during the 3rd quarter. Pictet Asset Management SA now owns 16,804 shares of the company’s stock worth $125,000 after buying an additional 2,067 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Burford Capital during the 4th quarter worth approximately $126,000. 2.04% of the stock is owned by hedge funds and other institutional investors.

Burford Capital Company Profile

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Burford Capital Ltd. engages in the provision of investment capital, asset management, financing, and risk solutions with a focus on the legal sector. It operates through following segments: Capital Provision, Asset Management, and Services and Other Corporate. The Capital Provision segment includes direct where the company provide capital directly to clients, and indirect where it offers capital by investing through funds that the company manage.