Mithaq Capital SPC Sells 1,711,407 Shares of Burford Capital Limited $BUR

Mithaq Capital SPC cut its stake in shares of Burford Capital Limited (NYSE:BUR) by 53.4% during the first quarter, Holdings Channel reports. The firm owned 1,494,749 shares of the company’s stock after selling 1,711,407 shares during the quarter. Burford Capital makes up approximately 4.1% of Mithaq Capital SPC’s portfolio, making the stock its 3rd largest holding. Mithaq Capital SPC’s holdings in Burford Capital were worth $6,756,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Signaturefd LLC increased its stake in Burford Capital by 1,687.7% in the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock worth $26,000 after purchasing an additional 2,751 shares in the last quarter. Strs Ohio purchased a new stake in Burford Capital during the first quarter valued at about $55,000. Quadrant Capital Group LLC acquired a new position in shares of Burford Capital in the fourth quarter worth about $53,000. Insigneo Advisory Services LLC acquired a new position in shares of Burford Capital in the fourth quarter worth about $93,000. Finally, Equitable Holdings Inc. purchased a new position in shares of Burford Capital in the fourth quarter worth approximately $94,000.

Burford Capital Stock Down 1.5%

Shares of BUR traded down $0.07 during mid-day trading on Tuesday, hitting $4.29. 297,496 shares of the company’s stock were exchanged, compared to its average volume of 2,995,692. The stock has a market cap of $938.71 million, a price-to-earnings ratio of -0.58, a P/E/G ratio of 0.05 and a beta of 1.26. The firm has a fifty day moving average of $4.52 and a two-hundred day moving average of $6.79. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59. Burford Capital Limited has a twelve month low of $3.59 and a twelve month high of $15.10.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BUR shares. Wedbush boosted their price target on shares of Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a report on Monday, May 11th. B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Burford Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings lowered Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two equities research 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. According to data from MarketBeat, Burford Capital has an average rating of “Hold” and a consensus price target of $9.33.

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.