Bank of Montreal Can lessened its holdings in Burford Capital Limited (NYSE:BUR - Free Report) by 48.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,989,449 shares of the company's stock after selling 2,763,582 shares during the period. Bank of Montreal Can's holdings in Burford Capital were worth $39,640,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Amalgamated Bank acquired a new position in Burford Capital during the 2nd quarter worth about $90,000. Blue Trust Inc. lifted its stake in Burford Capital by 503.2% during the 3rd quarter. Blue Trust Inc. now owns 7,769 shares of the company's stock worth $101,000 after acquiring an additional 6,481 shares in the last quarter. Covestor Ltd lifted its stake in Burford Capital by 27.6% during the 3rd quarter. Covestor Ltd now owns 8,527 shares of the company's stock worth $113,000 after acquiring an additional 1,842 shares in the last quarter. Xponance Inc. acquired a new position in Burford Capital during the 2nd quarter worth about $166,000. Finally, Principal Financial Group Inc. acquired a new position in Burford Capital during the 2nd quarter worth about $256,000.
Burford Capital Price Performance
NYSE BUR traded up $0.09 during trading hours on Friday, hitting $13.63. 534,395 shares of the company were exchanged, compared to its average volume of 956,415. The company has a 50 day moving average of $13.51 and a two-hundred day moving average of $13.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. Burford Capital Limited has a 52-week low of $12.07 and a 52-week high of $16.77.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on BUR shares. Wedbush reissued an "outperform" rating and set a $18.00 target price on shares of Burford Capital in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Burford Capital in a report on Friday, September 6th. They set a "buy" rating and a $18.00 price target on the stock.
View Our Latest Analysis on Burford Capital
About Burford Capital
(
Free Report)
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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