Teacher Retirement System of Texas Decreases Holdings in Burford Capital Limited $BUR

Teacher Retirement System of Texas trimmed its position in Burford Capital Limited (NYSE:BUR) by 60.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,966,482 shares of the company’s stock after selling 2,983,553 shares during the quarter. Teacher Retirement System of Texas’ holdings in Burford Capital were worth $23,519,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Orbis Allan Gray Ltd lifted its holdings in shares of Burford Capital by 6.9% during the 2nd quarter. Orbis Allan Gray Ltd now owns 7,732,120 shares of the company’s stock valued at $110,260,000 after purchasing an additional 496,616 shares during the last quarter. Invesco Ltd. increased its position in Burford Capital by 34.3% during the 2nd 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 in the last quarter. Bank of Montreal Can increased its position in Burford Capital by 58.1% during the 2nd quarter. Bank of Montreal Can now owns 4,976,941 shares of the company’s stock valued at $71,594,000 after buying an additional 1,829,585 shares in the last quarter. Greenlea Lane Capital Management LLC raised its stake in Burford Capital by 325.4% in 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 buying an additional 2,571,917 shares during the last quarter. Finally, Cooke & Bieler LP boosted its holdings in Burford Capital by 56.5% in the second quarter. Cooke & Bieler LP now owns 2,933,109 shares of the company’s stock worth $41,826,000 after acquiring an additional 1,058,685 shares in the last quarter.

Burford Capital Trading Down 1.2%

Shares of Burford Capital stock opened at $9.75 on Friday. The stock has a market cap of $2.13 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 0.17 and a beta of 0.59. The firm has a fifty day moving average price of $9.23 and a 200 day moving average price of $11.26. Burford Capital Limited has a 1 year low of $8.19 and a 1 year high of $15.73. The company has a debt-to-equity ratio of 0.67, a current ratio of 14.99 and a quick ratio of 14.99.

Burford Capital (NYSE:BUR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.39). The company had revenue of $69.80 million for the quarter, compared to analyst estimates of $136.03 million. Burford Capital had a return on equity of 2.71% and a net margin of 18.42%. Equities research analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current year.

Wall Street Analyst Weigh In

BUR has been the subject of several research analyst reports. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen lowered shares of Burford Capital from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. B. Riley reiterated a “buy” rating and set a $18.00 price objective (down from $20.00) on shares of Burford Capital in a research note on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Burford Capital in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.00.

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.