Aberdeen Group plc Reduces Stake in Burford Capital Limited $BUR

Aberdeen Group plc lessened its position in shares of Burford Capital Limited (NYSE:BUR) by 9.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,859,499 shares of the company’s stock after selling 188,772 shares during the quarter. Aberdeen Group plc owned 0.85% of Burford Capital worth $22,054,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mraz Amerine & Associates Inc. boosted its position in Burford Capital by 11.3% in the third quarter. Mraz Amerine & Associates Inc. now owns 219,664 shares of the company’s stock worth $2,627,000 after purchasing an additional 22,363 shares during the last quarter. Bryce Point Capital LLC bought a new position in shares of Burford Capital in the 3rd quarter worth approximately $469,000. Mawer Investment Management Ltd. purchased a new position in shares of Burford Capital in the third quarter worth approximately $8,113,000. Principal Financial Group Inc. grew its position in Burford Capital by 11.4% during the third quarter. Principal Financial Group Inc. now owns 15,003 shares of the company’s stock valued at $179,000 after buying an additional 1,538 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Burford Capital during the third quarter valued at approximately $2,153,000.

Burford Capital Price Performance

NYSE:BUR opened at $9.60 on Wednesday. The business’s 50-day simple moving average is $9.33 and its two-hundred day simple moving average is $10.69. Burford Capital Limited has a 52 week low of $8.19 and a 52 week high of $15.73. The stock has a market cap of $2.10 billion, a PE ratio of 25.26, a P/E/G ratio of 0.16 and a beta of 0.58. The company has a quick ratio of 14.99, a current ratio of 14.99 and a debt-to-equity ratio of 0.67.

Wall Street Analysts Forecast Growth

BUR has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Burford Capital from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. B. Riley Financial reiterated a “buy” rating and set a $18.00 target price (down from $20.00) on shares of Burford Capital in a research report on Tuesday, November 11th. Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Burford Capital in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.00.

Burford Capital Company 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.