Breach Inlet Capital Management LLC Has $17.41 Million Stock Holdings in Burford Capital Limited $BUR

Breach Inlet Capital Management LLC reduced its holdings in Burford Capital Limited (NYSE:BUR) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,952,077 shares of the company’s stock after selling 149,973 shares during the quarter. Burford Capital accounts for about 8.2% of Breach Inlet Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Breach Inlet Capital Management LLC owned about 0.89% of Burford Capital worth $17,413,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Signaturefd LLC lifted its holdings in shares of Burford Capital by 1,687.7% in the fourth quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after purchasing an additional 2,751 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in shares of Burford Capital in the fourth quarter valued at about $53,000. Strs Ohio bought a new stake in shares of Burford Capital in the first quarter valued at about $55,000. Insigneo Advisory Services LLC bought a new stake in shares of Burford Capital in the fourth quarter valued at about $93,000. Finally, Equitable Holdings Inc. bought a new stake in shares of Burford Capital in the fourth quarter valued at about $94,000.

Burford Capital Stock Performance

Shares of NYSE BUR opened at $4.43 on Thursday. The stock has a 50 day moving average price of $4.62 and a 200 day moving average price of $7.25. Burford Capital Limited has a 52 week low of $3.59 and a 52 week high of $15.10. The company has a debt-to-equity ratio of 1.59, a quick ratio of 13.72 and a current ratio of 13.72. The stock has a market capitalization of $969.38 million, a PE ratio of -0.60, a price-to-earnings-growth ratio of 0.05 and a beta of 1.23.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BUR. Deutsche Bank Aktiengesellschaft lowered Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a report on Monday, May 11th. B. Riley Financial restated a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Wall Street Zen lowered Burford Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.33.

Burford Capital Company 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.