Langdon Equity Partners Takes $19.66 Million Position in Burford Capital Limited $BUR

Langdon Equity Partners bought a new stake in Burford Capital Limited (NYSE:BUR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,015,000 shares of the company’s stock, valued at approximately $19,661,000. Burford Capital makes up about 10.1% of Langdon Equity Partners’ holdings, making the stock its 5th biggest holding.

A number of other large investors have also modified their holdings of BUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Burford Capital by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,261 shares of the company’s stock valued at $1,575,000 after buying an additional 5,229 shares in the last quarter. Millennium Management LLC grew its position in shares of Burford Capital by 2,967.7% in the 1st quarter. Millennium Management LLC now owns 657,283 shares of the company’s stock worth $8,683,000 after acquiring an additional 635,857 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Burford Capital by 14.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,206,303 shares of the company’s stock worth $15,935,000 after acquiring an additional 152,792 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Burford Capital by 8.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,562 shares of the company’s stock worth $6,058,000 after acquiring an additional 35,541 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Burford Capital by 369.9% in the 1st quarter. Jane Street Group LLC now owns 201,950 shares of the company’s stock worth $2,667,000 after purchasing an additional 158,973 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on BUR. Bank of America assumed coverage on Burford Capital in a report on Wednesday, February 18th. They issued a “buy” rating on the stock. Wall Street Zen downgraded Burford Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. B. Riley Financial reissued a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft downgraded Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a research note on Monday, May 11th. Finally, Wedbush boosted their price objective on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.33.

Burford Capital Stock Performance

Shares of BUR stock opened at $4.29 on Friday. Burford Capital Limited has a 1-year low of $3.59 and a 1-year high of $15.10. The company has a current ratio of 13.72, a quick ratio of 13.72 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $938.71 million, a price-to-earnings ratio of -0.58, a P/E/G ratio of 0.05 and a beta of 1.23. The stock’s fifty day simple moving average is $4.61 and its 200-day simple moving average is $7.37.

Burford Capital Profile

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.