Burford Capital Limited $BUR is Mithaq Capital SPC’s 2nd Largest Position

Mithaq Capital SPC lowered its position in shares of Burford Capital Limited (NYSE:BUR) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,464,658 shares of the company’s stock after selling 79,743 shares during the period. Burford Capital accounts for about 33.8% of Mithaq Capital SPC’s holdings, making the stock its 2nd biggest position. Mithaq Capital SPC owned 4.78% of Burford Capital worth $125,157,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orbis Allan Gray Ltd boosted its stake in Burford Capital by 6.9% in the second quarter. Orbis Allan Gray Ltd now owns 7,732,120 shares of the company’s stock worth $110,260,000 after buying an additional 496,616 shares in the last quarter. Invesco Ltd. increased its position in shares of Burford Capital by 34.3% during the second quarter. Invesco Ltd. now owns 6,078,537 shares of the company’s stock valued at $86,680,000 after buying an additional 1,551,357 shares during the period. Bank of Montreal Can boosted its position in shares of Burford Capital by 58.1% during the second quarter. Bank of Montreal Can now owns 4,976,941 shares of the company’s stock valued at $71,594,000 after purchasing an additional 1,829,585 shares in the last quarter. Greenlea Lane Capital Management LLC lifted its holdings in shares of Burford Capital by 325.4% during the second quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock valued at $45,724,000 after purchasing an additional 2,571,917 shares during the last quarter. Finally, Cooke & Bieler LP raised its position in shares of Burford Capital by 56.5% in the 2nd quarter. Cooke & Bieler LP now owns 2,933,109 shares of the company’s stock worth $41,826,000 after purchasing an additional 1,058,685 shares during the last quarter.

Burford Capital Price Performance

NYSE BUR opened at $9.72 on Monday. The company has a market cap of $2.13 billion, a PE ratio of 25.58, a P/E/G ratio of 0.17 and a beta of 0.59. The firm’s 50 day moving average price is $9.14 and its 200-day moving average price is $11.37. Burford Capital Limited has a 52-week low of $8.19 and a 52-week high of $15.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 14.99 and a current ratio of 14.99.

Burford Capital (NYSE:BUR) last issued 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 net margin of 18.42% and a return on equity of 2.71%. The business had revenue of $69.80 million for the quarter, compared to analysts’ expectations of $136.03 million. Sell-side analysts forecast that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on BUR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Burford Capital in a research note on Monday, December 29th. Zacks Research raised Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. B. Riley restated a “buy” rating and set a $18.00 price objective (down previously from $20.00) on shares of Burford Capital in a research report on Tuesday, November 11th. Finally, Wall Street Zen downgraded shares of Burford Capital from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

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.