Burford Capital Limited $BUR Shares Sold by Bandera Partners LLC

Bandera Partners LLC cut its stake in Burford Capital Limited (NYSE:BUR) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,756,762 shares of the company’s stock after selling 657,698 shares during the period. Burford Capital makes up approximately 3.6% of Bandera Partners LLC’s investment portfolio, making the stock its 9th biggest position. Bandera Partners LLC’s holdings in Burford Capital were worth $7,941,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Arbiter Partners Capital Management LLC acquired a new position in shares of Burford Capital in the 1st quarter worth approximately $122,000. KBC Group NV raised its holdings in shares of Burford Capital by 8,916.0% in the 1st quarter. KBC Group NV now owns 640,497 shares of the company’s stock worth $2,895,000 after purchasing an additional 633,393 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Burford Capital during the first quarter valued at approximately $1,626,000. Y Intercept Hong Kong Ltd lifted its stake in Burford Capital by 181.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 217,931 shares of the company’s stock valued at $985,000 after purchasing an additional 140,595 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Burford Capital during the first quarter worth approximately $2,226,000.

Burford Capital Trading Down 0.6%

Shares of NYSE:BUR opened at $4.15 on Friday. Burford Capital Limited has a 12-month low of $3.59 and a 12-month high of $14.14. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $908.26 million, a P/E ratio of -0.57, a price-to-earnings-growth ratio of 0.05 and a beta of 1.26. The firm has a fifty day moving average of $4.32 and a two-hundred day moving average of $6.34.

Wall Street Analysts Forecast Growth

BUR has been the topic of several recent research reports. Wedbush lifted their price target on shares of Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research 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 shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft lowered shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a research note on Monday, May 11th. Finally, Weiss Ratings lowered Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Burford Capital currently has a consensus rating of “Hold” and a consensus target price 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.