Burford Capital Limited $BUR Shares Bought by M&G PLC

M&G PLC increased its stake in shares of Burford Capital Limited (NYSE:BUR) by 19.8% in the third quarter, Holdings Channel.com reports. The firm owned 5,413,417 shares of the company’s stock after buying an additional 895,689 shares during the quarter. M&G PLC’s holdings in Burford Capital were worth $21,256,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its position in Burford Capital by 24.0% in the third quarter. Commonwealth Equity Services LLC now owns 17,043 shares of the company’s stock valued at $67,000 after buying an additional 3,302 shares in the last quarter. Ascent Group LLC bought a new stake in shares of Burford Capital during the third quarter worth $53,000. Mraz Amerine & Associates Inc. grew its stake in shares of Burford Capital by 12.5% during the third quarter. Mraz Amerine & Associates Inc. now owns 645,108 shares of the company’s stock worth $2,529,000 after buying an additional 71,505 shares during the last quarter. Pilgrim Partners Asia Pte Ltd grew its stake in shares of Burford Capital by 2.0% during the third quarter. Pilgrim Partners Asia Pte Ltd now owns 255,000 shares of the company’s stock worth $1,000,000 after buying an additional 5,000 shares during the last quarter. Finally, Parcion Private Wealth LLC increased its holdings in shares of Burford Capital by 31.1% during the third quarter. Parcion Private Wealth LLC now owns 13,876 shares of the company’s stock worth $54,000 after buying an additional 3,292 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BUR shares. Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Weiss Ratings downgraded Burford Capital from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, November 4th. Wall Street Zen upgraded Burford Capital from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Wedbush started coverage on Burford Capital in a research report on Thursday, October 22nd. They set a “neutral” rating and a $3.65 price objective on the stock. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Burford Capital presently has an average rating of “Hold” and an average price target of $4.33.

Burford Capital Stock Down 1.7%

Shares of NYSE BUR opened at $3.65 on Wednesday. The company has a 50 day simple moving average of $3.74 and a 200 day simple moving average of $5.22. The firm has a market cap of $800.66 million, a PE ratio of -0.48 and a beta of 1.29. Burford Capital Limited has a 1 year low of $2.86 and a 1 year high of $10.10. The company has a debt-to-equity ratio of 1.53, a current ratio of 11.94 and a quick ratio of 11.94.

Burford Capital (NYSE:BUR) last posted its earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $267.38 million for the quarter, compared to analyst estimates of $109.13 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. On average, research analysts forecast that Burford Capital Limited will post 1.46 EPS for the current year.

Burford Capital Profile

Burford Capital is a global legal finance company that provides funding and related services to businesses and law firms involved in commercial legal claims. Its offerings include financing for litigation and arbitration costs, portfolio financing for groups of legal matters, and capital solutions that let clients access the potential value of legal claims before they are resolved. The company also provides services related to legal risk management and asset recovery, and manages investment vehicles focused on legal finance.