Pilgrim Partners Asia Pte Ltd Acquires New Holdings in Burford Capital Limited $BUR

Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Burford Capital Limited (NYSE:BUR) during the 3rd quarter, Holdings Channel reports. The firm bought 180,000 shares of the company’s stock, valued at approximately $2,153,000. Burford Capital comprises approximately 1.0% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 17th largest holding.

Other hedge funds have also made changes to their positions in the company. Greenlea Lane Capital Management LLC boosted its holdings in Burford Capital by 325.4% during the second quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock worth $45,724,000 after buying an additional 2,571,917 shares in the last quarter. Aberdeen Group plc purchased a new stake in shares of Burford Capital during the second quarter worth $29,208,000. Bank of Montreal Can grew its stake in shares of Burford Capital by 58.1% in the 2nd quarter. Bank of Montreal Can now owns 4,976,941 shares of the company’s stock valued at $71,594,000 after buying an additional 1,829,585 shares in the last quarter. Two Seas Capital LP bought a new stake in Burford Capital in the second quarter worth approximately $22,498,000. Finally, Invesco Ltd. increased its position in Burford Capital by 34.3% during the second quarter. Invesco Ltd. now owns 6,078,537 shares of the company’s stock worth $86,680,000 after buying an additional 1,551,357 shares during the last quarter.

Burford Capital Price Performance

Shares of NYSE BUR opened at $9.66 on Tuesday. Burford Capital Limited has a fifty-two week low of $8.19 and a fifty-two week high of $15.73. The business has a fifty day moving average price of $9.26 and a two-hundred day moving average price of $11.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 14.99 and a quick ratio of 14.99. The stock has a market capitalization of $2.11 billion, a PE ratio of 25.42, a P/E/G ratio of 0.16 and a beta of 0.59.

Burford Capital (NYSE:BUR) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.39). Burford Capital had a return on equity of 2.71% and a net margin of 18.42%.The business had revenue of $69.80 million for the quarter, compared to analyst estimates of $136.03 million. As a group, equities analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BUR has been the subject of a number of research analyst reports. Zacks Research raised Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Burford Capital in a research report on Monday, December 29th. Wall Street Zen lowered Burford Capital from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Finally, B. Riley reaffirmed a “buy” rating and set a $18.00 price target (down previously from $20.00) on shares of Burford Capital in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.00.

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.