Burford Capital Announces Share Vesting and New Issuance

Burford Capital ( (GB:BUR) ) just unveiled an announcement.

Burford Capital announced the vesting of restricted share units (RSUs) and performance-based RSUs for its Chief Financial Officer, Jordan Licht, under its 2016 Long Term Incentive Plan. The company issued 76,909 new shares to satisfy firm-wide vesting awards, which will be listed on the AIM market of the London Stock Exchange and the New York Stock Exchange. This issuance increases Burford’s total voting rights to 218,888,500, impacting shareholder calculations under UK Financial Conduct Authority rules. Additionally, the Chief Strategy Officer, Elizabeth O’Connell, transferred shares to the CEO, Christopher P. Bogart, as part of estate planning.

The most recent analyst rating on (GB:BUR) stock is a Hold with a £1063.00 price target. To see the full list of analyst forecasts on Burford Capital stock, see the GB:BUR Stock Forecast page.

Spark’s Take on GB:BUR Stock

According to Spark, TipRanks’ AI Analyst, GB:BUR is a Neutral.

Burford Capital’s overall stock score is driven by strong earnings call highlights and a robust balance sheet, despite operational challenges reflected in the income statement. Technical indicators are mixed, and the stock is reasonably valued, contributing to a moderate overall score.

To see Spark’s full report on GB:BUR stock, click here.

More about Burford Capital

Burford Capital is a leading global finance and asset management firm with a focus on law. The company offers services in litigation finance, risk management, asset recovery, and various legal finance and advisory activities. It is publicly traded on the New York Stock Exchange and the London Stock Exchange, serving companies and law firms worldwide.

Average Trading Volume: 210,543

Technical Sentiment Signal: Sell

Current Market Cap: £1.93B

For a thorough assessment of BUR stock, go to TipRanks’ Stock Analysis page.