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Burford Capital Limited - BUR STOCK NEWS

Welcome to our dedicated page for Burford Capital news (Ticker: BUR), a resource for investors and traders seeking the latest updates and insights on Burford Capital stock.

Burford Capital Limited (symbol: BUR) is a preeminent global finance and professional services firm with a singular focus on law. Listed on both the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE), Burford has established itself as a trailblazer in the field of litigation finance, asset management, and legal advisory services. The company's core business revolves around providing capital to the legal industry, thereby facilitating the resolution of meritorious commercial disputes.

Burford's operations are segmented into two primary areas: Capital Provision and Asset Management and Other Services. The Capital Provision segment encompasses the direct funding of legal cases and investments in managed funds, while the Asset Management segment offers an array of services including litigation insurance, law firm lending, corporate intelligence, and judgment enforcement.

Over the years, Burford has secured over $500 million in capital commitments, aiding a diverse clientele that ranges from start-ups to major public corporations. Notably, Burford collaborates with more than half of the AmLaw 50 firms and many of the leading law firms in the UK. This extensive client reach underscores Burford's significant impact in legal finance and risk management.

Recent achievements for Burford include a landmark $16 billion judgment in a case against Argentina, emphasizing its prowess in high-stakes litigation finance. Additionally, Burford's inclusion in the Russell 3000® and 2000® Indexes marks its growing influence and recognition in the financial sector. The firm’s ongoing projects also involve innovative approaches to corporate finance solutions, as evidenced by a recent $325 million commitment with a Fortune 50 company.

Burford's comprehensive suite of services extends to risk transfer, asset recovery, and advisory activities, positioning it as a one-stop solution for legal finance needs. The company's strong financial health is reflected in its robust quarterly earnings and continuous expansion across key global markets including the United States, United Kingdom, Singapore, Hong Kong, China, and Australia.

With offices in major financial hubs such as New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney, and Hong Kong, Burford maintains a global footprint that enables it to serve clients effectively across different jurisdictions. As a publicly traded entity, Burford remains committed to transparency and stringent regulatory compliance, ensuring sustained growth and shareholder value.

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Burford Capital announced that Andrea Muller, a non-executive director, purchased 10,000 ordinary shares between June 21 and June 23, 2022, for an average price of $8.88 per share on the New York Stock Exchange. This transaction follows the company's ongoing commitment to transparency in dealings by insiders. The notification is part of regulatory compliance for securities transactions by persons discharging managerial responsibilities.

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Burford Capital announced the closing of $350 million for its Burford Alternative Income Fund II LP, focusing on post-settlement investments. This fund will support law firms and clients by monetizing legal receivables. In addition, Burford has raised over $1 billion in three months through a new bond issue and a pre-settlement fund. The investment period for BAIF II will last until September 11, 2025. CEO Christopher Bogart expressed satisfaction with the fund's launch, highlighting its importance in addressing payment delays in settlements.

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Burford Capital Limited announced its plan to purchase ordinary shares worth approximately £160,000 to meet the awards for its non-employee directors. This initiative aims to buy up to 23,066 Shares based on recent average closing prices on the New York and London Stock Exchanges. The purchase will take place in the open market following this announcement. An update will be provided once the purchases are completed.

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Burford Capital has announced details for its global retail shareholder call scheduled for June 16, 2022, at 9:00 AM EDT. CEO Christopher Bogart will review 2021 results and previous disclosures. Shareholders can participate by pre-registering at this link and submit questions via email. Burford Capital is publicly traded on the NYSE and LSE under the ticker BUR, focusing on finance and asset management in the legal sector.

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Burford Capital Limited announced the Sterling conversion rate for its 2021 final dividend, set at 6.25 US cents per ordinary share, payable on June 17, 2022. Shareholders opting for Sterling will receive 4.954419 pence per share based on an exchange rate of £1 = US$1.2615 as of May 27, 2022. This dividend reward continues to reflect Burford's commitment to returning value to its shareholders.

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Burford Capital Limited has announced an extension of its arrangement with a sovereign wealth fund (SWF) until December 31, 2023. The BOF-C fund had $633 million in active commitments, but only $274 million was deployed. The new terms allow Burford to allocate 25% of new matters to BOF-C, with the remaining 75% on the balance sheet. This change reflects a strategic capital raise of $360 million and aims to diversify investments. Burford continues to manage funds with varying potential returns, emphasizing a structured approach to capital allocation.

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Burford Capital Limited announced the approval of all resolutions at its annual general meeting on May 18, 2022. A final dividend of 6.25 US cents per ordinary share was approved, scheduled for payment on June 17, 2022. Shareholders registered by May 27, 2022, will be eligible. The meeting also confirmed the appointment of Christopher Halmy as a new director. Total voting results showed overwhelming support for the resolutions, with the majority receiving over 106 million votes in favor and minimal opposition.

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Burford Capital Limited will host a global retail shareholder call on June 16, 2022, at 9:00 AM EDT, where CEO Christopher Bogart will discuss financial results for the year ending December 31, 2021, and answer questions. The firm, which specializes in litigation finance and asset management, will provide further details about registration and participation soon. Burford is publicly traded under the stock symbol BUR on both the New York Stock Exchange and London Stock Exchange.

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Burford Capital has announced an early redemption of its £90,000,000 6.50% guaranteed bonds due 2022, scheduled for 25 May 2022. The redemption price will be determined based on the greater of 100% of the principal or a calculated amount reflecting the Gross Redemption Yield, with a reference bond substituted due to maturity. The issuer will also pay any accrued interest up to the repayment date. This notice contains forward-looking statements regarding Burford's performance and associated risks, as per UK Market Abuse Regulation.

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Burford Capital Limited announced on April 13, 2022, the purchase of 150,000 of its own ordinary shares by the Burford Capital Employee Benefit Trust (EBT). The purchases were executed in the open market over three days, with a total of 50,000 shares bought at an average price of 714.0631p per share. The shares will be used to fulfill obligations under the company’s 2016 Long Term Incentive Plan. This share buyback is significant as it showcases Burford’s commitment to managing employee benefits and may support stock price stability.

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FAQ

What is the current stock price of Burford Capital (BUR)?

The current stock price of Burford Capital (BUR) is $14.22 as of February 5, 2025.

What is the market cap of Burford Capital (BUR)?

The market cap of Burford Capital (BUR) is approximately 3.1B.

What does Burford Capital Limited do?

Burford Capital Limited is a global finance and professional services firm focused on litigation finance, legal risk management, law firm lending, corporate intelligence, and judgment enforcement.

Where is Burford Capital Limited publicly traded?

Burford Capital Limited is publicly traded on the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE) under the symbol BUR.

What are Burford Capital’s core business segments?

Burford operates primarily in two segments: Capital Provision, which provides direct funding for legal cases and investments in managed funds, and Asset Management and Other Services, which includes litigation insurance and advisory services.

Who are Burford Capital’s clients?

Burford's clients range from start-ups to large public companies, including over half of the AmLaw 50 firms and many of the leading law firms in the UK.

What recent achievements has Burford Capital made?

Recent achievements include a landmark $16 billion judgment against Argentina and its upcoming inclusion in the Russell 3000® and 2000® Indexes.

In which geographical regions does Burford Capital operate?

Burford operates in the United States, United Kingdom, Singapore, Hong Kong, China, and Australia, with offices in major cities like New York, London, and Hong Kong.

What types of services does Burford Capital offer?

Burford offers a range of services including litigation finance, risk transfer, asset recovery, law firm lending, corporate intelligence, and advisory activities.

How much capital has Burford Capital raised?

Burford has raised over $500 million to support its diverse portfolio of commercial litigation matters.

What is litigation finance?

Litigation finance is a practice where Burford provides capital to clients in exchange for a portion of any financial recovery from their legal disputes.

How does Burford Capital contribute to the legal industry?

Burford contributes by enabling meritorious commercial disputes to be decided on their merits, providing capital, reducing financial risk, and offering legal advisory services.
Burford Capital Limited

NYSE:BUR

BUR Rankings

BUR Stock Data

3.10B
198.72M
6.51%
62.62%
1.53%
Asset Management
Financial Services
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United States of America
Saint Peter Port