Langdon Equity Partners Buys Shares of 2,015,000 Burford Capital Limited $BUR

Langdon Equity Partners bought a new stake in Burford Capital Limited (NYSE:BUR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,015,000 shares of the company’s stock, valued at approximately $19,661,000. Burford Capital comprises approximately 10.1% of Langdon Equity Partners’ investment portfolio, making the stock its 5th largest holding. Langdon Equity Partners owned about 0.92% of Burford Capital at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Greenlea Lane Capital Management LLC lifted its position in shares of 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 acquiring an additional 2,571,917 shares in the last quarter. Contrarian Capital Management L.L.C. lifted its position in shares of 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 in the last quarter. Bank of Montreal Can lifted its position in shares of Burford Capital by 24.8% in the fourth quarter. Bank of Montreal Can now owns 6,779,231 shares of the company’s stock valued at $60,471,000 after acquiring an additional 1,346,663 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of Burford Capital by 31.0% in the fourth quarter. Cooke & Bieler LP now owns 5,194,551 shares of the company’s stock valued at $46,335,000 after acquiring an additional 1,228,328 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Burford Capital by 236.1% in the third quarter. Millennium Management LLC now owns 1,579,823 shares of the company’s stock valued at $18,895,000 after acquiring an additional 1,109,718 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BUR. Bank of America began coverage on Burford Capital in a research report on Wednesday, February 18th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft downgraded Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a research report on Monday, May 11th. Wall Street Zen downgraded Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Finally, Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Burford Capital presently has a consensus rating of “Hold” and a consensus price target of $9.33.

Burford Capital Stock Performance

NYSE BUR opened at $4.29 on Friday. The company has a market capitalization of $938.71 million, a PE ratio of -0.58, a price-to-earnings-growth ratio of 0.05 and a beta of 1.23. The company has a current ratio of 13.72, a quick ratio of 13.72 and a debt-to-equity ratio of 1.59. The business’s 50-day moving average price is $4.61 and its 200 day moving average price is $7.37. Burford Capital Limited has a twelve month low of $3.59 and a twelve month high of $15.10.

About Burford Capital

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.