CI Investments Inc. lowered its stake in shares of Burford Capital Limited (NYSE:BUR – Free Report) by 11.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,290,496 shares of the company’s stock after selling 285,922 shares during the period. CI Investments Inc.’s holdings in Burford Capital were worth $10,353,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of BUR. Signaturefd LLC grew its stake in shares of Burford Capital by 1,687.7% in the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after buying an additional 2,751 shares in the last quarter. Strs Ohio acquired a new stake in Burford Capital in the first quarter valued at approximately $55,000. Quadrant Capital Group LLC bought a new stake in Burford Capital in the fourth quarter worth approximately $53,000. Insigneo Advisory Services LLC bought a new stake in Burford Capital in the fourth quarter worth approximately $93,000. Finally, Equitable Holdings Inc. acquired a new position in shares of Burford Capital during the 4th quarter worth $94,000.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. B. Riley Financial restated a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Wedbush boosted their price target on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.33.
Burford Capital Price Performance
Shares of NYSE:BUR opened at $4.17 on Thursday. The firm has a market capitalization of $914.62 million, a PE ratio of -0.57, a PEG ratio of 0.05 and a beta of 1.26. The company has a current ratio of 13.72, a quick ratio of 13.72 and a debt-to-equity ratio of 1.59. Burford Capital Limited has a 1-year low of $3.59 and a 1-year high of $14.14. The business’s 50 day moving average is $4.34 and its 200-day moving average is $6.38.
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.
Featured Articles
- Five stocks we like better than Burford Capital
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
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.
