MetLife Investment Management LLC Has $1.54 Million Stock Holdings in Burford Capital Limited (NYSE:BUR)

MetLife Investment Management LLC increased its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 129.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,066 shares of the company's stock after buying an additional 65,398 shares during the quarter. MetLife Investment Management LLC's holdings in Burford Capital were worth $1,539,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LGT Group Foundation raised its stake in Burford Capital by 7.9% in the second quarter. LGT Group Foundation now owns 21,140 shares of the company's stock valued at $273,000 after buying an additional 1,540 shares during the period. Covestor Ltd lifted its holdings 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 purchasing an additional 1,842 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Burford Capital by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company's stock valued at $6,369,000 after purchasing an additional 2,277 shares during the period. Clear Harbor Asset Management LLC grew its holdings in Burford Capital by 6.0% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 74,579 shares of the company's stock valued at $973,000 after buying an additional 4,244 shares in the last quarter. Finally, Allegheny Financial Group LTD increased its position in Burford Capital by 26.5% during the 2nd quarter. Allegheny Financial Group LTD now owns 26,590 shares of the company's stock worth $347,000 after buying an additional 5,578 shares during the period.

Burford Capital Price Performance

Shares of NYSE:BUR traded down $0.08 during trading on Friday, reaching $13.30. 431,025 shares of the company traded hands, compared to its average volume of 950,870. The firm has a market capitalization of $2.91 billion, a PE ratio of 11.54 and a beta of 0.48. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $16.77. 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 company's 50 day moving average is $13.52 and its two-hundred day moving average is $13.46.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wedbush restated an "outperform" rating and issued a $18.00 price target on shares of Burford Capital in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burford Capital in a research report on Friday, September 6th. They set 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.