Greenhaven Road Investment Management L.P. Boosts Stock Position in Burford Capital Limited $BUR

Greenhaven Road Investment Management L.P. boosted its holdings in shares of Burford Capital Limited (NYSE:BUR) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,865,312 shares of the company’s stock after acquiring an additional 262,500 shares during the period. Burford Capital makes up approximately 2.8% of Greenhaven Road Investment Management L.P.’s investment portfolio, making the stock its 8th largest holding. Greenhaven Road Investment Management L.P. owned 0.85% of Burford Capital worth $16,639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Burford Capital by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,261 shares of the company’s stock worth $1,575,000 after acquiring an additional 5,229 shares in the last quarter. Millennium Management LLC lifted its holdings in Burford Capital by 2,967.7% during the first quarter. Millennium Management LLC now owns 657,283 shares of the company’s stock worth $8,683,000 after acquiring an additional 635,857 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Burford Capital by 14.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,206,303 shares of the company’s stock worth $15,935,000 after acquiring an additional 152,792 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Burford Capital by 8.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,562 shares of the company’s stock worth $6,058,000 after acquiring an additional 35,541 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Burford Capital by 369.9% during the first quarter. Jane Street Group LLC now owns 201,950 shares of the company’s stock worth $2,667,000 after acquiring an additional 158,973 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BUR shares. Bank of America started coverage on Burford Capital in a report on Wednesday, February 18th. They set a “buy” rating on the stock. 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 note on Monday, May 11th. Zacks Research raised Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Wall Street Zen downgraded Burford Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings downgraded Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.33.

Burford Capital Stock Performance

BUR opened at $4.29 on Friday. The business’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $7.37. Burford Capital Limited has a 1 year low of $3.59 and a 1 year high of $15.10. The company has a market capitalization of $938.71 million, a price-to-earnings ratio of -0.58, a P/E/G ratio of 0.05 and a beta of 1.23. The company has a debt-to-equity ratio of 1.59, a current ratio of 13.72 and a quick ratio of 13.72.

Burford Capital 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.