Burford Capital Limited $BUR Shares Sold by Breach Inlet Capital Management LLC

Breach Inlet Capital Management LLC lessened its holdings in shares of Burford Capital Limited (NYSE:BUR) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,952,077 shares of the company’s stock after selling 149,973 shares during the quarter. Burford Capital makes up approximately 8.2% of Breach Inlet Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Breach Inlet Capital Management LLC’s holdings in Burford Capital were worth $17,413,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Bridgeway Capital Management LLC acquired a new position in Burford Capital during the fourth quarter worth approximately $11,316,000. Schonfeld Strategic Advisors LLC increased its position in Burford Capital by 126.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 24,163 shares of the company’s stock worth $216,000 after buying an additional 13,494 shares during the last quarter. AQR Capital Management LLC increased its position in Burford Capital by 430.0% during the fourth quarter. AQR Capital Management LLC now owns 642,533 shares of the company’s stock worth $5,731,000 after buying an additional 521,299 shares during the last quarter. Jain Global LLC acquired a new position in Burford Capital during the fourth quarter worth approximately $239,000. Finally, Equitable Holdings Inc. acquired a new position in Burford Capital during the fourth quarter worth approximately $94,000.

Analysts Set New Price Targets

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

Burford Capital Price Performance

Burford Capital stock opened at $4.43 on Thursday. Burford Capital Limited has a 12 month low of $3.59 and a 12 month high of $15.10. The stock’s 50 day moving average is $4.62 and its 200-day moving average is $7.25. The company has a current ratio of 13.72, a quick ratio of 13.72 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $969.38 million, a price-to-earnings ratio of -0.60, a PEG ratio of 0.05 and a beta of 1.23.

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.