Burford Capital Limited $BUR Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in Burford Capital Limited (NYSE:BURFree Report) by 15.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 958,500 shares of the company’s stock after purchasing an additional 126,500 shares during the quarter. Renaissance Technologies LLC owned 0.44% of Burford Capital worth $4,332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Burford Capital by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,261 shares of the company’s stock worth $1,575,000 after acquiring an additional 5,229 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Burford Capital by 2,967.7% in the first quarter. Millennium Management LLC now owns 657,283 shares of the company’s stock valued at $8,683,000 after purchasing an additional 635,857 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Burford Capital by 14.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,206,303 shares of the company’s stock valued at $15,935,000 after purchasing an additional 152,792 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Burford Capital by 8.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,562 shares of the company’s stock worth $6,058,000 after buying an additional 35,541 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Burford Capital by 369.9% during the 1st quarter. Jane Street Group LLC now owns 201,950 shares of the company’s stock worth $2,667,000 after buying an additional 158,973 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BUR shares. Deutsche Bank Aktiengesellschaft lowered Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a research report on Monday, May 11th. Zacks Research raised Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Wall Street Zen downgraded Burford Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Wedbush increased their price target on Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Weiss Ratings cut 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 issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.33.

View Our Latest Research Report on BUR

Burford Capital Price Performance

Shares of BUR opened at $4.26 on Friday. The firm has a market capitalization of $934.33 million, a price-to-earnings ratio of -0.58, a PEG ratio of 0.05 and a beta of 1.25. The firm’s fifty day simple moving average is $4.26 and its 200-day simple moving average is $5.97. Burford Capital Limited has a twelve month low of $3.59 and a twelve month high of $14.14. 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 (NYSE:BURGet Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The firm had revenue of $110.68 million for the quarter, compared to analyst estimates of $103.08 million. Burford Capital had a return on equity of 11.72% and a net margin of 15.14%.During the same quarter in the previous year, the firm posted $0.39 EPS. Equities analysts forecast that Burford Capital Limited will post 2.19 EPS for the current fiscal year.

About Burford Capital

(Free Report)

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

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Institutional Ownership by Quarter for Burford Capital (NYSE:BUR)

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