Burford Capital Limited (NYSE:BUR) Holdings Cut by Barclays PLC

Barclays PLC trimmed its position in Burford Capital Limited (NYSE:BUR - Free Report) by 15.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 463,979 shares of the company's stock after selling 86,320 shares during the period. Barclays PLC owned approximately 0.21% of Burford Capital worth $6,153,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of Burford Capital by 367.7% in the 2nd quarter. Bank of Montreal Can now owns 5,753,031 shares of the company's stock worth $75,077,000 after purchasing an additional 4,523,087 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Burford Capital by 4,376.3% during the second quarter. Bank of New York Mellon Corp now owns 1,039,300 shares of the company's stock worth $13,563,000 after buying an additional 1,016,082 shares in the last quarter. State Street Corp grew its position in Burford Capital by 24.6% in the third quarter. State Street Corp now owns 2,946,927 shares of the company's stock worth $39,076,000 after buying an additional 582,514 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Burford Capital by 57.5% in the second quarter. Marshall Wace LLP now owns 1,050,754 shares of the company's stock valued at $13,712,000 after buying an additional 383,577 shares in the last quarter. Finally, Clearline Capital LP acquired a new stake in shares of Burford Capital during the 2nd quarter valued at $4,275,000.

Burford Capital Trading Down 0.1 %

Shares of BUR traded down $0.01 during midday trading on Friday, hitting $12.93. The stock had a trading volume of 1,700,737 shares, compared to its average volume of 949,171. Burford Capital Limited has a fifty-two week low of $12.07 and a fifty-two week high of $16.77. The business has a 50-day simple moving average of $13.56 and a two-hundred day simple moving average of $13.40. 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 firm has a market cap of $2.83 billion, a P/E ratio of 11.15 and a beta of 0.48.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft began coverage on Burford Capital in a report on Friday, September 6th. They issued a "buy" rating and a $18.00 target price on the stock.

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.