Streetbeat News

BUR

Burford Capital Limited

https://www.burfordcapital.com

Industry

Asset Management

Burford Capital Limited, through its subsidiaries, provides legal finance products and services. The company offers asset management services, including core legal finance, complex strategies, and post-settlement finance. The company was incorporated in 2009 and is based in Saint Peter Port, Guernsey.

Open

13.25

Mkt cap

2.9B

Volume

659K

High

13.46

P/E Ratio

8.25

52-wk high

16.77

Low

13.19

Div yield

0.01

52-wk low

12.07

Burford Capital is expected to realize a gain from its investment in the arbitration process involving Sundance Resources and the Republic of Congo. A conditional settlement has been announced, potentially ending the dispute by the end of Q3. The original claim was over $8.5 billion.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 7:45 pm

Burford Capital is expected to join the Russell 3000 and 2000 Indexes at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective July 1, 2024. This marks a significant milestone as Burford is the first legal finance firm to achieve this.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:04 pm

TeraWulf Inc. reported disappointing Q1 results, leading to a 9.3% drop in pre-market trading. Other companies like StoneCo, TMC the metals company, MMTec, Kingsoft Cloud, Cognyte Software, Ginkgo Bioworks, Maplebear, and Burford Capital also saw pre-market declines after various announcements.

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 9:24 am

Seritage Growth Properties reported a Q1 loss, leading to a significant drop in its pre-market stock price. Other companies like Vitesse Energy, Chimera Investment, Fortrea Holdings, and several others also experienced declines in pre-market trading due to various reasons including disappointing earnings, reverse stock splits, and downgrades by analysts.

Portfolio Pulse from Avi Kapoor

May 13, 2024 | 12:31 pm

Burford Capital announced the issuance of 533,066 new ordinary shares in connection with its 2016 Long Term Incentive Plan on April 8, 2024. This move is part of the company's strategy to incentivize and retain key employees.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:28 am

Burford Capital's shares surged following the announcement of their fiscal year 2023 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:39 am

Burford Capital (NYSE:BUR) reported FY 2023 GAAP EPS of $2.74, surpassing the $2.17 estimate, with sales reaching $1.087B, exceeding the $772.600M forecast. This represents a 240.51% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:02 am

Numerous companies are scheduled to report their earnings on March 14, 2024, covering a wide range of industries from technology to healthcare. The reports include a mix of expected quarterly earnings and losses, with key figures such as revenue and per-share earnings highlighted for each company.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:52 am

The Maize and Blue Stock Pitch Competition 2024 at the University of Michigan showcased students' stock analysis skills with Jayant S. Namdhari winning first place for a bearish thesis on Hims & Hers Health Inc. (HIMS). Other notable pitches included bullish theses on Garrett Motion Inc. (GTX) and Burford Capital Limited (BUR), and a variety of other companies were analyzed, demonstrating the event's contribution to finance education.

Portfolio Pulse from Josh Walter

February 29, 2024 | 10:21 pm

Burford Capital has priced and upsized its private offering of senior notes to $275 million, with a 9.250% interest rate due in 2031. This is an increase from the initial offering size. The notes will be sold at a price above their principal amount, indicating a yield to worst of 8.251%. The offering is set to close on January 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:11 am

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