Mithaq Capital SPC Has $6.76 Million Stock Position in Burford Capital Limited $BUR

Mithaq Capital SPC lowered its holdings in Burford Capital Limited (NYSE:BUR) by 53.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,494,749 shares of the company’s stock after selling 1,711,407 shares during the period. Burford Capital comprises about 4.1% of Mithaq Capital SPC’s investment portfolio, making the stock its 3rd biggest holding. Mithaq Capital SPC owned about 0.68% of Burford Capital worth $6,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in BUR. Orbis Allan Gray Ltd raised its position in shares of Burford Capital by 31.1% during the 4th quarter. Orbis Allan Gray Ltd now owns 12,051,544 shares of the company’s stock worth $107,500,000 after purchasing an additional 2,859,722 shares during the period. Greenlea Lane Capital Management LLC increased its position 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 worth $45,724,000 after buying an additional 2,571,917 shares during the period. Langdon Equity Partners acquired a new stake in Burford Capital in the fourth quarter worth $19,661,000. Contrarian Capital Management L.L.C. increased its holdings in shares of Burford Capital by 58.2% in the 3rd quarter. Contrarian Capital Management L.L.C. now owns 4,044,998 shares of the company’s stock worth $48,378,000 after acquiring an additional 1,488,250 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Burford Capital by 24.8% in the 4th quarter. Bank of Montreal Can now owns 6,779,231 shares of the company’s stock worth $60,471,000 after acquiring an additional 1,346,663 shares during the period.

Burford Capital Price Performance

Shares of BUR traded down $0.07 during mid-day trading on Tuesday, hitting $4.29. The company’s stock had a trading volume of 297,496 shares, compared to its average volume of 2,995,692. The firm has a 50-day moving average price of $4.52 and a 200 day moving average price of $6.79. The stock has a market capitalization of $938.71 million, a price-to-earnings ratio of -0.58, a PEG ratio of 0.05 and a beta of 1.26. The company has a debt-to-equity ratio of 1.59, a current ratio of 13.72 and a quick ratio of 13.72. Burford Capital Limited has a fifty-two week low of $3.59 and a fifty-two week high of $15.10.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wedbush boosted their target price 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 lowered shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research note on Monday, May 11th. Weiss Ratings downgraded Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Wall Street Zen lowered Burford Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.