Emeth Value Capital LLC Sells 109,091 Shares of Burford Capital Limited $BUR

Emeth Value Capital LLC lowered its stake in shares of Burford Capital Limited (NYSE:BUR) by 7.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,380,627 shares of the company’s stock after selling 109,091 shares during the period. Burford Capital comprises about 16.0% of Emeth Value Capital LLC’s portfolio, making the stock its 2nd largest holding. Emeth Value Capital LLC’s holdings in Burford Capital were worth $16,512,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of BUR. American Century Companies Inc. purchased a new position in Burford Capital during the first quarter valued at approximately $134,000. Ieq Capital LLC acquired a new stake in shares of Burford Capital during the 1st quarter worth approximately $132,000. Vident Advisory LLC increased its holdings in shares of Burford Capital by 45.9% during the 1st quarter. Vident Advisory LLC now owns 36,237 shares of the company’s stock valued at $479,000 after purchasing an additional 11,399 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Burford Capital by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,261 shares of the company’s stock valued at $1,575,000 after purchasing an additional 5,229 shares during the period. Finally, Millennium Management LLC boosted its holdings in Burford Capital by 2,967.7% during the first quarter. Millennium Management LLC now owns 657,283 shares of the company’s stock worth $8,683,000 after buying an additional 635,857 shares in the last quarter.

Burford Capital Stock Down 2.2%

BUR opened at $8.73 on Friday. The company has a market cap of $1.91 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 0.15 and a beta of 0.59. Burford Capital Limited has a twelve month low of $8.19 and a twelve month high of $15.73. The company has a 50-day moving average price of $9.21 and a 200 day moving average price of $11.54. The company has a quick ratio of 14.99, a current ratio of 14.99 and a debt-to-equity ratio of 0.67.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.39). Burford Capital had a return on equity of 2.71% and a net margin of 18.42%.The firm had revenue of $69.80 million for the quarter, compared to analysts’ expectations of $136.03 million. Sell-side analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BUR shares. Wall Street Zen cut shares of Burford Capital from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. Zacks Research lowered Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Burford Capital in a report on Monday, December 29th. Finally, B. Riley reissued a “buy” rating and issued a $18.00 price objective (down from $20.00) on shares of Burford Capital in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, Burford Capital presently has a consensus rating of “Hold” and an average target price of $18.00.

About Burford Capital

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.