Cibc World Market Inc. Acquires New Shares in Burford Capital Limited $BUR

Cibc World Market Inc. acquired a new stake in shares of Burford Capital Limited (NYSE:BUR) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 498,006 shares of the company’s stock, valued at approximately $4,467,000.

Several other hedge funds also recently modified their holdings of BUR. Aberdeen Group plc lifted its holdings in Burford Capital by 26.8% during the 4th quarter. Aberdeen Group plc now owns 2,357,279 shares of the company’s stock worth $21,027,000 after buying an additional 497,780 shares during the period. Contrarian Capital Management L.L.C. lifted its holdings in Burford Capital by 58.2% during the 3rd quarter. Contrarian Capital Management L.L.C. now owns 4,044,998 shares of the company’s stock worth $48,378,000 after buying an additional 1,488,250 shares during the period. SG Americas Securities LLC lifted its holdings in Burford Capital by 3,454.8% during the 4th quarter. SG Americas Securities LLC now owns 874,259 shares of the company’s stock worth $7,798,000 after buying an additional 849,665 shares during the period. Onex Canada Asset Management Inc. lifted its holdings in Burford Capital by 15.2% during the 3rd quarter. Onex Canada Asset Management Inc. now owns 1,306,902 shares of the company’s stock worth $15,631,000 after buying an additional 172,152 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Burford Capital by 9.2% during the 3rd quarter. Bank of Montreal Can now owns 5,432,568 shares of the company’s stock worth $64,974,000 after buying an additional 455,627 shares during the period.

Burford Capital Stock Performance

BUR stock opened at $4.46 on Monday. The stock has a 50-day moving average price of $4.67 and a 200-day moving average price of $7.51. 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 firm has a market cap of $975.96 million, a PE ratio of -0.61, a price-to-earnings-growth ratio of 0.05 and a beta of 1.23.

Analyst Upgrades and Downgrades

BUR has been the topic of several recent research reports. Zacks Research raised Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Weiss Ratings downgraded Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen downgraded Burford Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Wedbush lifted their target price on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.33.

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.