Horizon Kinetics Asset Management LLC Sells 12,774 Shares of Burford Capital Limited (NYSE:BUR)

Horizon Kinetics Asset Management LLC decreased its position in Burford Capital Limited (NYSE:BUR) by 3.5% in the third quarter, Holdings Channel reports. The firm owned 353,315 shares of the company’s stock after selling 12,774 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Burford Capital were worth $4,685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in Burford Capital by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company’s stock valued at $6,369,000 after purchasing an additional 2,277 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Burford Capital during the third quarter valued at $265,000. Evergreen Wealth Management LLC bought a new stake in shares of Burford Capital in the third quarter valued at about $1,434,000. Covestor Ltd lifted its stake in Burford Capital by 27.6% in the third quarter. Covestor Ltd now owns 8,527 shares of the company’s stock worth $113,000 after acquiring an additional 1,842 shares during the period. Finally, Clear Harbor Asset Management LLC lifted its stake in Burford Capital by 9.6% in the third quarter. Clear Harbor Asset Management LLC now owns 81,754 shares of the company’s stock worth $1,084,000 after acquiring an additional 7,175 shares during the period.

Burford Capital Trading Up 0.6 %

BUR opened at $13.88 on Monday. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average is $13.49 and its two-hundred day moving average is $13.52. Burford Capital Limited has a 1 year low of $12.07 and a 1 year high of $16.77.

Wall Street Analysts Forecast Growth

BUR has been the subject of several recent research reports. Wedbush restated an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Burford Capital in a research note on Friday, September 6th. They issued a “buy” rating and a $18.00 price objective for the company.

About Burford Capital

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.