Sycale Advisors NY LLC Lowers Holdings in Burford Capital Limited $BUR

Sycale Advisors NY LLC trimmed its holdings in Burford Capital Limited (NYSE:BUR) by 58.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 830,376 shares of the company’s stock after selling 1,190,522 shares during the period. Burford Capital comprises about 2.3% of Sycale Advisors NY LLC’s investment portfolio, making the stock its 14th biggest position. Sycale Advisors NY LLC owned about 0.38% of Burford Capital worth $7,407,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Burford Capital by 1,687.7% in the fourth quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock worth $26,000 after buying an additional 2,751 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Burford Capital in the fourth quarter worth about $53,000. Strs Ohio purchased a new stake in shares of Burford Capital in the first quarter worth about $55,000. Insigneo Advisory Services LLC purchased a new stake in shares of Burford Capital in the fourth quarter worth about $93,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Burford Capital in the fourth quarter worth about $106,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wedbush boosted their target price on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Bank of America initiated coverage on Burford Capital in a research note on Wednesday, February 18th. They set a “buy” rating on the stock. Wall Street Zen cut Burford Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. B. Riley Financial reissued a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Finally, Zacks Research raised Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.33.

Burford Capital Trading Up 0.4%

Shares of NYSE BUR opened at $4.29 on Monday. The business’s 50 day moving average is $4.61 and its two-hundred day moving average is $7.36. 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 1-year low of $3.59 and a 1-year high of $15.10. The stock has a market capitalization of $938.71 million, a P/E ratio of -0.58, a PEG ratio of 0.05 and a beta of 1.23.

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.