Burford Capital Limited (NYSE:BUR) Shares Purchased by Crawford Fund Management LLC

Crawford Fund Management LLC grew its position in shares of Burford Capital Limited (NYSE:BUR) by 12.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 287,446 shares of the company’s stock after acquiring an additional 30,700 shares during the quarter. Burford Capital comprises about 0.8% of Crawford Fund Management LLC’s investment portfolio, making the stock its 20th largest holding. Crawford Fund Management LLC’s holdings in Burford Capital were worth $3,812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Amalgamated Bank acquired a new position in shares of Burford Capital during the second quarter valued at $90,000. Blue Trust Inc. boosted its holdings in shares of Burford Capital by 503.2% during the third quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock valued at $101,000 after acquiring an additional 6,481 shares during the period. Covestor Ltd boosted its holdings in shares of Burford Capital by 27.6% during the third quarter. Covestor Ltd now owns 8,527 shares of the company’s stock valued at $113,000 after acquiring an additional 1,842 shares during the period. BBR Partners LLC acquired a new position in shares of Burford Capital during the third quarter valued at $133,000. Finally, Xponance Inc. acquired a new stake in Burford Capital in the second quarter worth about $166,000.

Burford Capital Price Performance

Shares of Burford Capital stock opened at $13.54 on Friday. 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 company’s 50-day moving average price is $13.51 and its two-hundred day moving average price is $13.49. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $16.77. The stock has a market cap of $2.97 billion, a PE ratio of 11.67 and a beta of 0.49.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BUR. Wedbush reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Burford Capital in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Burford Capital in a report on Friday, September 6th. They issued a “buy” rating and a $18.00 price objective for the company.

Burford Capital Company Profile

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.