SG Americas Securities LLC cut its stake in shares of Burford Capital Limited (NYSE:BUR – Free Report) by 90.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,245 shares of the company’s stock after selling 795,014 shares during the period. SG Americas Securities LLC’s holdings in Burford Capital were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Orbis Allan Gray Ltd boosted its holdings in shares of Burford Capital by 31.1% in the 4th quarter. Orbis Allan Gray Ltd now owns 12,051,544 shares of the company’s stock worth $107,500,000 after purchasing an additional 2,859,722 shares during the period. Ameriprise Financial Inc. raised its holdings in Burford Capital by 2.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 9,418,521 shares of the company’s stock valued at $107,170,000 after buying an additional 229,979 shares during the period. Bank of Montreal Can lifted its position in Burford Capital by 24.8% in the fourth quarter. Bank of Montreal Can now owns 6,779,231 shares of the company’s stock worth $60,471,000 after buying an additional 1,346,663 shares during the last quarter. Cooke & Bieler LP lifted its position in Burford Capital by 31.0% in the fourth quarter. Cooke & Bieler LP now owns 5,194,551 shares of the company’s stock worth $46,335,000 after buying an additional 1,228,328 shares during the last quarter. Finally, Contrarian Capital Management L.L.C. boosted its stake in Burford Capital by 58.2% during the third quarter. Contrarian Capital Management L.L.C. now owns 4,044,998 shares of the company’s stock worth $48,378,000 after buying an additional 1,488,250 shares during the period.
Wall Street Analysts Forecast Growth
BUR has been the topic of a number of analyst reports. Weiss Ratings cut shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of Burford Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Wedbush lifted their price target on shares of Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a report on Monday, May 11th. Finally, B. Riley Financial reissued a “buy” rating on shares of Burford Capital in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.33.
Burford Capital Price Performance
BUR opened at $4.25 on Friday. The business has a fifty day moving average of $4.49 and a 200 day moving average of $6.69. The stock has a market cap of $932.14 million, a P/E ratio of -0.58, a PEG ratio of 0.05 and a beta of 1.26. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59. Burford Capital Limited has a 52-week low of $3.59 and a 52-week high of $15.10.
About Burford Capital
Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.
Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.
See Also
- Five stocks we like better than Burford Capital
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Want to see what other hedge funds are holding BUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burford Capital Limited (NYSE:BUR – Free Report).
Receive News & Ratings for Burford Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burford Capital and related companies with MarketBeat.com's FREE daily email newsletter.
