Hsbc Holdings PLC Invests $1.63 Million in Burford Capital Limited $BUR

Hsbc Holdings PLC bought a new stake in shares of Burford Capital Limited (NYSE:BUR) during the first quarter, Holdings Channel.com reports. The fund bought 389,998 shares of the company’s stock, valued at approximately $1,626,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC raised its holdings in Burford Capital by 1,687.7% in the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock worth $26,000 after purchasing an additional 2,751 shares during the period. Quadrant Capital Group LLC acquired a new stake in Burford Capital in the fourth quarter valued at approximately $53,000. Strs Ohio acquired a new stake in Burford Capital in the first quarter valued at approximately $55,000. Insigneo Advisory Services LLC purchased a new stake in shares of Burford Capital in the fourth quarter valued at approximately $93,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Burford Capital in the fourth quarter valued at approximately $94,000.

Burford Capital Stock Performance

NYSE BUR opened at $4.20 on Tuesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 13.72 and a quick ratio of 13.72. The stock’s 50 day simple moving average is $4.31 and its 200-day simple moving average is $6.27. The company has a market cap of $920.97 million, a PE ratio of -0.57, a price-to-earnings-growth ratio of 0.05 and a beta of 1.26. Burford Capital Limited has a 1-year low of $3.59 and a 1-year high of $14.14.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Burford Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Wedbush lifted their price target on shares of Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a report on Monday, May 11th. Weiss Ratings cut shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded shares of 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Burford Capital has an average rating of “Hold” and a consensus price target 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.