Burford Capital Limited $BUR Stock: M&G PLC Raises Holdings

M&G PLC raised its position in shares of Burford Capital Limited (NYSE:BUR) by 19.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,413,417 shares of the company’s stock after acquiring an additional 895,689 shares during the period. M&G PLC owned approximately 2.47% of Burford Capital worth $21,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BUR. London Co. of Virginia lifted its holdings in shares of Burford Capital by 2.7% during the first quarter. London Co. of Virginia now owns 108,582 shares of the company’s stock worth $491,000 after buying an additional 2,874 shares in the last quarter. Parcion Private Wealth LLC boosted its position in shares of Burford Capital by 31.1% in the third quarter. Parcion Private Wealth LLC now owns 13,876 shares of the company’s stock valued at $54,000 after acquiring an additional 3,292 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Burford Capital by 24.0% in the third quarter. Commonwealth Equity Services LLC now owns 17,043 shares of the company’s stock valued at $67,000 after acquiring an additional 3,302 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Burford Capital by 7.3% in the third quarter. Farther Finance Advisors LLC now owns 57,722 shares of the company’s stock valued at $226,000 after acquiring an additional 3,950 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd grew its stake in shares of Burford Capital by 2.0% in the third quarter. Pilgrim Partners Asia Pte Ltd now owns 255,000 shares of the company’s stock valued at $1,000,000 after acquiring an additional 5,000 shares in the last quarter.

Burford Capital Stock Down 1.7%

NYSE BUR opened at $3.65 on Wednesday. The business has a fifty day moving average price of $3.74 and a two-hundred day moving average price of $5.22. The company has a debt-to-equity ratio of 1.53, a current ratio of 11.94 and a quick ratio of 11.94. Burford Capital Limited has a fifty-two week low of $2.86 and a fifty-two week high of $10.10. The stock has a market capitalization of $800.66 million, a PE ratio of -0.48 and a beta of 1.29.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $267.38 million during the quarter, compared to the consensus estimate of $109.13 million. During the same quarter in the previous year, the business posted ($0.09) EPS. Equities analysts expect that Burford Capital Limited will post 1.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on BUR shares. Wedbush initiated coverage on shares of Burford Capital in a research note on Thursday, October 22nd. They issued a “neutral” rating and a $3.65 price objective for the company. Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Weiss Ratings cut shares of Burford Capital from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, November 4th. Finally, Wall Street Zen raised shares of Burford Capital from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.33.

Burford Capital Profile

Burford Capital is a global legal finance company that provides funding and related services to businesses and law firms involved in commercial legal claims. Its offerings include financing for litigation and arbitration costs, portfolio financing for groups of legal matters, and capital solutions that let clients access the potential value of legal claims before they are resolved. The company also provides services related to legal risk management and asset recovery, and manages investment vehicles focused on legal finance.