HighTower Advisors LLC Increases Holdings in Burford Capital Limited (NYSE:BUR)

HighTower Advisors LLC grew its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 15.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 314,037 shares of the company's stock after buying an additional 42,699 shares during the period. HighTower Advisors LLC's holdings in Burford Capital were worth $4,154,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Claar Advisors LLC grew its stake in Burford Capital by 22.7% during the 3rd quarter. Claar Advisors LLC now owns 595,446 shares of the company's stock worth $7,896,000 after buying an additional 110,000 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Burford Capital during the third quarter worth approximately $375,000. Crawford Fund Management LLC grew its position in shares of Burford Capital by 12.0% during the third quarter. Crawford Fund Management LLC now owns 287,446 shares of the company's stock worth $3,812,000 after acquiring an additional 30,700 shares during the last quarter. Epacria Capital Partners LLC raised its position in Burford Capital by 20.9% in the 3rd quarter. Epacria Capital Partners LLC now owns 23,291 shares of the company's stock valued at $309,000 after purchasing an additional 4,019 shares during the last quarter. Finally, BBR Partners LLC purchased a new stake in Burford Capital in the 3rd quarter valued at $133,000.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft initiated 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.

Burford Capital Price Performance

Shares of BUR traded down $0.30 during mid-day trading on Thursday, hitting $13.52. The company's stock had a trading volume of 541,872 shares, compared to its average volume of 947,341. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. Burford Capital Limited has a 1-year low of $12.07 and a 1-year high of $16.77. The firm has a market capitalization of $2.96 billion, a P/E ratio of 11.66 and a beta of 0.48. The firm has a 50-day simple moving average of $13.56 and a 200 day simple moving average of $13.44.

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.