Aberdeen Group plc Lowers Position in Burford Capital Limited $BUR

Aberdeen Group plc decreased its stake in shares of Burford Capital Limited (NYSE:BUR) by 9.2% in the third quarter, Holdings Channel.com reports. The fund owned 1,859,499 shares of the company’s stock after selling 188,772 shares during the period. Aberdeen Group plc’s holdings in Burford Capital were worth $22,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Orbis Allan Gray Ltd lifted its stake in Burford Capital by 6.9% in the 2nd quarter. Orbis Allan Gray Ltd now owns 7,732,120 shares of the company’s stock worth $110,260,000 after purchasing an additional 496,616 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Burford Capital by 34.3% in the second quarter. Invesco Ltd. now owns 6,078,537 shares of the company’s stock worth $86,680,000 after purchasing an additional 1,551,357 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Burford Capital by 58.1% in the second quarter. Bank of Montreal Can now owns 4,976,941 shares of the company’s stock worth $71,594,000 after buying an additional 1,829,585 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of Burford Capital by 35.2% in the third quarter. Cooke & Bieler LP now owns 3,966,223 shares of the company’s stock worth $47,436,000 after buying an additional 1,033,114 shares in the last quarter. Finally, Greenlea Lane Capital Management LLC boosted its stake in Burford Capital by 325.4% during the second quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock valued at $45,724,000 after buying an additional 2,571,917 shares during the last quarter.

Burford Capital Stock Performance

NYSE BUR opened at $9.60 on Wednesday. The business’s 50 day moving average price is $9.33 and its 200-day moving average price is $10.69. Burford Capital Limited has a fifty-two week low of $8.19 and a fifty-two week high of $15.73. The company has a market cap of $2.10 billion, a P/E ratio of 25.26, a P/E/G ratio of 0.16 and a beta of 0.58. The company has a debt-to-equity ratio of 0.67, a quick ratio of 14.99 and a current ratio of 14.99.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Zacks Research raised Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Wall Street Zen lowered shares of Burford Capital from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. B. Riley Financial reaffirmed a “buy” rating and set a $18.00 price target (down previously from $20.00) on shares of Burford Capital in a research note on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Burford Capital in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.00.

Burford Capital Profile

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.