Charles Parkinson Purchases 8,000 Shares of Burford Capital Limited (LON:BUR) Stock

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Burford Capital Limited (LON:BUR) insider Charles Parkinson acquired 8,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of GBX 655 ($8.56) per share, with a total value of £52,400 ($68,469.88).

Shares of BUR stock opened at GBX 849.95 ($11.11) on Friday. The firm has a 50 day moving average of GBX 1,393.86. Burford Capital Limited has a one year low of GBX 380.20 ($4.97) and a one year high of GBX 2,075 ($27.11). The company has a market capitalization of $1.93 billion and a PE ratio of 5.66. The company has a debt-to-equity ratio of 46.85, a current ratio of 2.83 and a quick ratio of 2.81.

The business also recently announced a dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.04 dividend. This represents a yield of 0.2%. The ex-dividend date is Thursday, November 14th. Burford Capital’s payout ratio is presently 0.05%.

Several research analysts have recently issued reports on the company. Liberum Capital reaffirmed a “buy” rating on shares of Burford Capital in a research note on Friday. Canaccord Genuity lowered their price objective on Burford Capital from GBX 1,543 ($20.16) to GBX 1,196 ($15.63) and set a “sell” rating for the company in a research note on Wednesday, May 1st. Berenberg Bank upped their price objective on Burford Capital from GBX 1,690 ($22.08) to GBX 2,070 ($27.05) and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,400 ($31.36) price objective on shares of Burford Capital in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 2,113.20 ($27.61).

About Burford Capital

Burford Capital Limited is a global finance company focused on law. The Company provides investment capital, investment management, financing and risk solutions with a focus on the litigation and arbitration sector. The Company’s segments include provision of litigation investment, provision of litigation insurance, exploration of new initiatives related to application of capital to the litigation and arbitration sector until such time as those initiatives mature into full-fledged independent segments and investment management activities.

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