On March 31, 2023 at 15:02:43 ET an unusually large
$122.76K block of Call contracts in Burford Capital
(BUR) was sold,
with a strike price of $12.50 / share, expiring in 21 days (on April 21, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 2.97 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in BUR options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 121.87% Upside
As of March 30, 2023,
the average one-year price target for Burford Capital is $16.02.
The forecasts range from a low of $13.58 to a high of $17.96.
The average price target represents an increase of 121.87% from its latest reported closing price of $7.22.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Burford Capital
is $474MM.
The projected annual non-GAAP EPS
is $0.99.
What is the Fund Sentiment?
There are 94 funds or institutions reporting positions in Burford Capital.
This is an increase
of
2
owner(s) or 2.17% in the last quarter.
Average portfolio weight of all funds dedicated to BUR is 0.60%,
an increase
of 16.88%.
Total shares owned by institutions increased
in the last three months by 0.34% to 89,634K shares.
The put/call ratio of BUR is 0.07, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Ameriprise Financial
holds 10,950K shares
representing 5.01% ownership of the company.
In it’s prior filing, the firm reported owning 10,820K shares, representing
an increase
of 1.19%.
The firm
decreased
its portfolio allocation in BUR by 3.18% over the last quarter.
Invesco
holds 10,309K shares
representing 4.72% ownership of the company.
In it’s prior filing, the firm reported owning 10,337K shares, representing
a decrease
of 0.27%.
The firm
decreased
its portfolio allocation in BUR by 99.99% over the last quarter.
Ci Investments
holds 9,807K shares
representing 4.49% ownership of the company.
In it’s prior filing, the firm reported owning 10,528K shares, representing
a decrease
of 7.35%.
The firm
decreased
its portfolio allocation in BUR by 1.34% over the last quarter.
Pictet North America Advisors
holds 7,648K shares
representing 3.50% ownership of the company.
No change in the last quarter.
Banque Pictet & Cie
holds 7,648K shares
representing 3.50% ownership of the company.
No change in the last quarter.
Burford Capital Declares $0.06 Dividend
On March 13, 2023 the company declared a regular
semi-annual dividend of $0.06 per share ($0.12 annualized).
Shareholders of record as of May 26, 2023
will receive the payment on June 16, 2023.
Previously, the company paid $0.06 per share.
At the current share price of $7.22 / share,
the stock’s dividend yield is 1.73%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.23%,
the lowest has been 0.48%,
and the highest has been 3.42%.
The standard deviation of yields is 0.50 (n=220).
The current dividend yield is
1.00 standard deviations
above
the historical average.
The company has not increased its dividend in the last three years.
Burford Capital Background Information
(This description is provided by the company.)
Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation financeand risk management, asset recoveryand a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange and the London Stock Exchange, and it works with law firms and clients around the world from its principal offices in New York, London, Chicago, Washington, Singapore and Sydney.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
