Mawer Investment Management Ltd. Takes $8.11 Million Position in Burford Capital Limited $BUR

Mawer Investment Management Ltd. bought a new position in shares of Burford Capital Limited (NYSE:BUR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 678,384 shares of the company’s stock, valued at approximately $8,113,000. Mawer Investment Management Ltd. owned about 0.31% of Burford Capital at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BUR. Mraz Amerine & Associates Inc. increased its position in shares of Burford Capital by 38.1% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 197,301 shares of the company’s stock valued at $2,814,000 after acquiring an additional 54,392 shares during the period. Aberdeen Group plc acquired a new stake in Burford Capital during the 2nd quarter worth about $29,208,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Burford Capital during the 3rd quarter valued at about $2,153,000. JPMorgan Chase & Co. grew its stake in Burford Capital by 29.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,060,143 shares of the company’s stock valued at $15,118,000 after purchasing an additional 240,738 shares during the last quarter. Finally, Bandera Partners LLC increased its holdings in shares of Burford Capital by 42.1% in the second quarter. Bandera Partners LLC now owns 2,510,883 shares of the company’s stock valued at $35,805,000 after purchasing an additional 743,769 shares during the period.

Analyst Upgrades and Downgrades

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

Burford Capital Stock Up 0.3%

BUR opened at $9.69 on Monday. The company has a fifty day moving average of $9.34 and a two-hundred day moving average of $11.05. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 0.16 and a beta of 0.58. Burford Capital Limited has a fifty-two week low of $8.19 and a fifty-two week high of $15.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 14.99 and a current ratio of 14.99.

Burford Capital (NYSE:BUR) last posted its earnings results on Wednesday, November 5th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.39). Burford Capital had a net margin of 18.42% and a return on equity of 2.71%. The business had revenue of $69.80 million for the quarter, compared to analyst estimates of $136.03 million. On average, research analysts expect that Burford Capital Limited will post 1.28 earnings per share for the current year.

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.