Epacria Capital Partners LLC boosted its stake in Burford Capital Limited (NYSE:BUR – Free Report) by 20.9% in the third quarter, HoldingsChannel.com reports. The firm owned 23,291 shares of the company’s stock after buying an additional 4,019 shares during the period. Epacria Capital Partners LLC’s holdings in Burford Capital were worth $309,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of Burford Capital by 367.7% in the second quarter. Bank of Montreal Can now owns 5,753,031 shares of the company’s stock valued at $75,077,000 after buying an additional 4,523,087 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Burford Capital by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,052,748 shares of the company’s stock valued at $39,838,000 after purchasing an additional 34,845 shares during the period. Baillie Gifford & Co. raised its holdings in Burford Capital by 15.6% during the 2nd quarter. Baillie Gifford & Co. now owns 1,534,668 shares of the company’s stock worth $19,788,000 after purchasing an additional 207,157 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Burford Capital by 57.5% in the 2nd quarter. Marshall Wace LLP now owns 1,050,754 shares of the company’s stock worth $13,712,000 after purchasing an additional 383,577 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Burford Capital by 4,376.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,039,300 shares of the company’s stock valued at $13,563,000 after purchasing an additional 1,016,082 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burford Capital in a research note on Friday, September 6th. They set a “buy” rating and a $18.00 target price for the company. Wedbush reissued an “outperform” rating and issued a $18.00 price objective on shares of Burford Capital in a research report on Friday, August 9th.
Burford Capital Price Performance
Burford Capital stock opened at $13.54 on Friday. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 11.67 and a beta of 0.49. Burford Capital Limited has a 52-week low of $12.07 and a 52-week high of $16.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. The stock’s 50 day moving average price is $13.51 and its two-hundred day moving average price is $13.49.
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.
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