Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases Shares of 492,536 Burford Capital Limited $BUR

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Burford Capital Limited (NYSE:BUR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 492,536 shares of the company’s stock, valued at approximately $2,226,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. owned approximately 0.23% of Burford Capital as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BUR shares. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft cut Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target for the company. in a report on Monday, May 11th. B. Riley Financial reissued a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Wedbush raised 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. Finally, Weiss Ratings downgraded shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.33.

Burford Capital Stock Down 0.1%

NYSE BUR opened at $4.25 on Friday. The business has a fifty day moving average price of $4.52 and a two-hundred day moving average price of $6.84. The stock has a market capitalization of $932.14 million, a PE ratio of -0.58, a PEG ratio of 0.05 and a beta of 1.26. Burford Capital Limited has a fifty-two week low of $3.59 and a fifty-two week high of $15.10. The company has a debt-to-equity ratio of 1.59, a current ratio of 13.72 and a quick ratio of 13.72.

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.