Renaissance Technologies LLC Increases Stock Holdings in Burford Capital Limited $BUR

Renaissance Technologies LLC grew its stake in shares of Burford Capital Limited (NYSE:BUR) by 15.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 958,500 shares of the company’s stock after purchasing an additional 126,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Burford Capital were worth $4,332,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BUR shares. Wedbush upped their price objective on shares of Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings cut Burford Capital from a “sell (d+)” rating to a “sell (d-)” 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 report on Saturday, May 16th. Deutsche Bank Aktiengesellschaft cut Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 target price for the company. in a research report on Monday, May 11th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.33.

Burford Capital Stock Performance

NYSE BUR opened at $4.26 on Friday. The firm has a market cap of $934.33 million, a P/E ratio of -0.58, a P/E/G ratio of 0.05 and a beta of 1.25. Burford Capital Limited has a 52-week low of $3.59 and a 52-week high of $14.14. The business’s 50-day moving average price is $4.26 and its 200 day moving average price is $5.97. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). Burford Capital had a return on equity of 11.72% and a net margin of 15.14%.The company had revenue of $110.68 million for the quarter, compared to analyst estimates of $103.08 million. During the same period in the previous year, the business posted $0.39 earnings per share. On average, equities research analysts expect that Burford Capital Limited will post 2.19 earnings per share for the current year.

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.