State Street Corp Grows Stake in Burford Capital Limited (NYSE:BUR)

State Street Corp increased its holdings in shares of Burford Capital Limited (NYSE:BUR) by 24.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,946,927 shares of the company’s stock after purchasing an additional 582,514 shares during the period. State Street Corp’s holdings in Burford Capital were worth $39,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new position in shares of Burford Capital in the second quarter worth about $90,000. Blue Trust Inc. grew its stake in shares of Burford Capital by 503.2% in the 3rd quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock valued at $101,000 after buying an additional 6,481 shares during the period. Covestor Ltd increased its holdings in shares of Burford Capital by 27.6% during the 3rd quarter. Covestor Ltd now owns 8,527 shares of the company’s stock worth $113,000 after buying an additional 1,842 shares during the last quarter. BBR Partners LLC purchased a new stake in shares of Burford Capital during the 3rd quarter valued at approximately $133,000. Finally, Xponance Inc. acquired a new position in Burford Capital in the second quarter valued at approximately $166,000.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Burford Capital in a research report on Friday, September 6th. They issued a “buy” rating and a $18.00 target price on the stock.

Burford Capital Price Performance

BUR stock opened at $12.93 on Friday. The business has a 50 day moving average price of $13.56 and a 200 day moving average price of $13.40. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 11.15 and a beta of 0.48. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. Burford Capital Limited has a fifty-two week low of $12.07 and a fifty-two week high of $16.77.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.