Evergreen Wealth Management LLC purchased a new stake in shares of Burford Capital Limited (NYSE:BUR - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 108,154 shares of the company's stock, valued at approximately $1,434,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of BUR. Amalgamated Bank bought a new position in Burford Capital during the 2nd quarter valued at approximately $90,000. Blue Trust Inc. grew its stake in shares of Burford Capital by 503.2% during the 3rd quarter. Blue Trust Inc. now owns 7,769 shares of the company's stock valued at $101,000 after acquiring an additional 6,481 shares during the period. Covestor Ltd boosted its position in shares of Burford Capital by 27.6% in the third quarter. Covestor Ltd now owns 8,527 shares of the company's stock worth $113,000 after purchasing an additional 1,842 shares during the period. Xponance Inc. bought a new position in shares of Burford Capital in the second quarter worth about $166,000. Finally, Paloma Partners Management Co bought a new position in shares of Burford Capital during the first quarter worth $192,000.
Burford Capital Trading Down 1.2 %
BUR traded down $0.16 on Friday, hitting $13.19. The company had a trading volume of 806,908 shares, compared to its average volume of 965,528. The company has a market cap of $2.89 billion, a PE ratio of 11.37 and a beta of 0.49. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. The business's fifty day simple moving average is $13.43 and its 200 day simple moving average is $13.63. Burford Capital Limited has a 12-month low of $12.07 and a 12-month high of $16.77.
Analyst Ratings Changes
BUR has been the subject of a number of research reports. Wedbush reissued an "outperform" rating and set a $18.00 price target on shares of Burford Capital in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Burford Capital in a research report on Friday, September 6th. They set a "buy" rating and a $18.00 target price for the company.
Get Our Latest Stock Report on BUR
Burford Capital Company Profile
(
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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