Pathstone Holdings LLC Decreases Holdings in Burford Capital Limited (NYSE:BUR)

Pathstone Holdings LLC lowered its stake in shares of Burford Capital Limited (NYSE:BUR) by 11.6% in the third quarter, Holdings Channel reports. The firm owned 147,370 shares of the company’s stock after selling 19,305 shares during the period. Pathstone Holdings LLC’s holdings in Burford Capital were worth $1,954,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BUR. Bank of Montreal Can increased its stake in Burford Capital by 367.7% during the 2nd quarter. Bank of Montreal Can now owns 5,753,031 shares of the company’s stock worth $75,077,000 after buying an additional 4,523,087 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Burford Capital by 1.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,052,748 shares of the company’s stock worth $39,838,000 after acquiring an additional 34,845 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Burford Capital by 15.6% during the second quarter. Baillie Gifford & Co. now owns 1,534,668 shares of the company’s stock worth $19,788,000 after purchasing an additional 207,157 shares in the last quarter. Marshall Wace LLP raised its stake in Burford Capital by 57.5% in the 2nd quarter. Marshall Wace LLP now owns 1,050,754 shares of the company’s stock valued at $13,712,000 after purchasing an additional 383,577 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Burford Capital by 4,376.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,039,300 shares of the company’s stock valued at $13,563,000 after purchasing an additional 1,016,082 shares in the last quarter.

Burford Capital Stock Performance

NYSE BUR opened at $13.44 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. The stock’s fifty day moving average is $13.50 and its two-hundred day moving average is $13.49. Burford Capital Limited has a fifty-two week low of $12.07 and a fifty-two week high of $16.77.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Burford Capital in a report on Friday, September 6th. They set a “buy” rating and a $18.00 target price for the company. Wedbush reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Burford Capital in a research note on Friday, August 9th.

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.