Greenhaven Road Investment Management L.P. Grows Stake in Burford Capital Limited $BUR

Greenhaven Road Investment Management L.P. increased its stake in shares of Burford Capital Limited (NYSE:BUR) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,865,312 shares of the company’s stock after acquiring an additional 262,500 shares during the period. Burford Capital accounts for about 2.8% of Greenhaven Road Investment Management L.P.’s holdings, making the stock its 8th biggest holding. Greenhaven Road Investment Management L.P.’s holdings in Burford Capital were worth $16,639,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC raised its holdings in Burford Capital by 1,687.7% during the fourth quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock worth $26,000 after acquiring an additional 2,751 shares in the last quarter. Strs Ohio bought a new stake in Burford Capital during the first quarter worth about $55,000. Quadrant Capital Group LLC bought a new stake in Burford Capital during the fourth quarter worth about $53,000. Insigneo Advisory Services LLC bought a new stake in Burford Capital during the fourth quarter worth about $93,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Burford Capital during the third quarter worth about $128,000.

Analyst Ratings Changes

BUR has been the topic of several analyst reports. B. Riley Financial reiterated a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Wedbush upped their target price on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Weiss Ratings lowered Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft lowered Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a report on Monday, May 11th. Finally, Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Burford Capital has an average rating of “Hold” and an average price target of $9.33.

Burford Capital Price Performance

Shares of NYSE BUR opened at $4.29 on Friday. The business’s 50 day moving average price is $4.61 and its two-hundred day moving average price is $7.37. The company has a market cap 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 quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59. Burford Capital Limited has a twelve month low of $3.59 and a twelve month high of $15.10.

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.