Burford Capital Limited $BUR Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. reduced its holdings in Burford Capital Limited (NYSE:BUR) by 63.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 249,181 shares of the company’s stock after selling 429,203 shares during the period. Mawer Investment Management Ltd. owned about 0.11% of Burford Capital worth $2,223,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its stake 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 acquiring an additional 2,751 shares during the last quarter. Strs Ohio acquired a new position in shares of Burford Capital in the 1st quarter valued at $55,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Burford Capital during the 3rd quarter worth about $120,000. Schonfeld Strategic Advisors LLC acquired a new position in Burford Capital during the 3rd quarter worth about $128,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Burford Capital during the 3rd quarter worth about $135,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on BUR shares. Weiss Ratings lowered Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Zacks Research raised Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Wall Street Zen cut Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Bank of America assumed coverage on Burford Capital in a research report on Wednesday, February 18th. They issued a “buy” rating for the company. Finally, Wedbush upped their target price on Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.33.

Burford Capital Stock Performance

Shares of BUR stock opened at $4.57 on Wednesday. Burford Capital Limited has a 12-month low of $3.59 and a 12-month high of $15.10. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -0.62, a price-to-earnings-growth ratio of 0.06 and a beta of 1.23. The stock has a 50 day simple moving average of $4.94 and a 200-day simple moving average of $7.63. The company has a current ratio of 13.72, a quick ratio of 13.72 and a debt-to-equity ratio of 1.59.

About Burford Capital

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.