Covestor Ltd Boosts Stock Position in Burford Capital Limited (NYSE:BUR)

Covestor Ltd raised its position in Burford Capital Limited (NYSE:BUR) by 27.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,527 shares of the company’s stock after purchasing an additional 1,842 shares during the period. Covestor Ltd’s holdings in Burford Capital were worth $113,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BUR. Amalgamated Bank acquired a new stake in Burford Capital during the second quarter worth approximately $90,000. Blue Trust Inc. boosted its holdings in shares of Burford Capital by 503.2% during the third quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock worth $101,000 after purchasing an additional 6,481 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Burford Capital in the first quarter valued at $192,000. Xponance Inc. acquired a new position in Burford Capital in the second quarter valued at $166,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Burford Capital during the first quarter worth about $238,000.

Burford Capital Price Performance

Shares of NYSE:BUR opened at $13.34 on Wednesday. Burford Capital Limited has a 12 month low of $12.07 and a 12 month high of $16.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 11.01 and a current ratio of 11.01. The business has a 50-day moving average of $13.40 and a two-hundred day moving average of $13.66.

Analyst Ratings Changes

BUR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Burford Capital in a research note on Friday, September 6th. They set a “buy” rating and a $18.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and set a $18.00 price target on shares of Burford Capital in a research report on Friday, August 9th.

About Burford Capital

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.