Burford Capital ( (GB:BUR) ) has provided an announcement.
Burford Capital announced the vesting of restricted share units and performance-based restricted share units for its managerial staff under the 2016 Long Term Incentive Plan. The company issued 340,685 new shares to satisfy these awards, which will be listed on both the AIM market of the London Stock Exchange and the New York Stock Exchange. This issuance increases Burford’s total voting rights, impacting shareholder calculations under UK financial regulations.
Spark’s Take on GB:BUR Stock
According to Spark, TipRanks’ AI Analyst, GB:BUR is a Neutral.
Burford Capital’s overall score reflects a balance between strong earnings performance and robust financial management, against the backdrop of operational challenges and technical weakness. The positive outlook from the earnings call and recent corporate events further support the stock’s potential, although technical indicators suggest caution.
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 focused on law. It offers services in litigation finance, risk management, asset recovery, and legal finance advisory. The company is publicly traded on both the New York Stock Exchange and the London Stock Exchange, with operations spanning across major cities worldwide.
YTD Price Performance: -12.27%
Average Trading Volume: 172,970
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.99B
For a thorough assessment of BUR stock, go to TipRanks’ Stock Analysis page.