Evelyn Partners Investment Management LLP Cuts Stock Holdings in Burford Capital Limited $BUR

Evelyn Partners Investment Management LLP lowered its position in Burford Capital Limited (NYSE:BUR) by 42.5% in the first quarter, Holdings Channel.com reports. The firm owned 1,051,903 shares of the company’s stock after selling 777,450 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Burford Capital were worth $4,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Orbis Allan Gray Ltd increased its position in Burford Capital by 31.1% during the 4th quarter. Orbis Allan Gray Ltd now owns 12,051,544 shares of the company’s stock worth $107,500,000 after purchasing an additional 2,859,722 shares during the period. Greenlea Lane Capital Management LLC lifted its holdings in shares of Burford Capital by 325.4% in the 2nd quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock valued at $45,724,000 after buying an additional 2,571,917 shares during the period. Langdon Equity Partners acquired a new stake in shares of Burford Capital in the 4th quarter valued at approximately $19,661,000. Bank of Montreal Can boosted its stake in shares of Burford Capital by 24.8% in the fourth quarter. Bank of Montreal Can now owns 6,779,231 shares of the company’s stock valued at $60,471,000 after buying an additional 1,346,663 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of Burford Capital in the fourth quarter valued at approximately $11,316,000.

Analyst Ratings Changes

BUR has been the subject of several research analyst reports. Wedbush increased their price objective 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 lowered shares of Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Deutsche Bank Aktiengesellschaft cut shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research note on Monday, May 11th. B. Riley Financial reiterated a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Finally, Weiss Ratings downgraded shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.33.

Burford Capital Stock Performance

Shares of BUR stock opened at $4.20 on Tuesday. The stock has a fifty day moving average price of $4.31 and a 200 day moving average price of $6.27. The stock has a market cap of $920.97 million, a PE ratio of -0.57, a P/E/G ratio of 0.05 and a beta of 1.26. Burford Capital Limited has a 1 year low of $3.59 and a 1 year high of $14.14. The company has a debt-to-equity ratio of 1.59, a quick ratio of 13.72 and a current ratio of 13.72.

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.