Y Intercept Hong Kong Ltd Buys 140,595 Shares of Burford Capital Limited $BUR

Y Intercept Hong Kong Ltd grew its position in shares of Burford Capital Limited (NYSE:BUR) by 181.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,931 shares of the company’s stock after purchasing an additional 140,595 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.10% of Burford Capital worth $985,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BUR. Signaturefd LLC boosted its stake in Burford Capital by 1,687.7% during the fourth quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after buying an additional 2,751 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in Burford Capital in the 4th quarter worth approximately $53,000. Strs Ohio bought a new stake in Burford Capital in the 1st quarter worth approximately $55,000. Insigneo Advisory Services LLC purchased a new stake in shares of Burford Capital during the 4th quarter worth approximately $93,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Burford Capital during the 4th quarter worth approximately $94,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BUR shares. Wall Street Zen cut shares of Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Wedbush boosted their price objective on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft downgraded Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a research report on Monday, May 11th. Finally, Weiss Ratings lowered Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Two investment 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’s stock. According to data from MarketBeat, Burford Capital presently has an average rating of “Hold” and a consensus price target of $9.33.

Burford Capital Trading Down 0.4%

Shares of BUR traded down $0.01 during midday trading on Friday, hitting $4.22. The stock had a trading volume of 1,239,783 shares, compared to its average volume of 2,122,412. Burford Capital Limited has a 1 year low of $3.59 and a 1 year high of $14.58. The firm has a market cap of $925.57 million, a PE ratio of -0.58, a price-to-earnings-growth 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. The stock’s 50 day moving average is $4.48 and its 200 day moving average is $6.67.

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.