Geode Capital Management LLC Cuts Stake in Burford Capital Limited (NYSE:BUR)

Geode Capital Management LLC cut its stake in Burford Capital Limited (NYSE:BUR) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,412,514 shares of the company’s stock after selling 4,816 shares during the quarter. Geode Capital Management LLC’s holdings in Burford Capital were worth $31,990,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BUR. LGT Group Foundation raised its holdings in shares of Burford Capital by 7.9% during the second quarter. LGT Group Foundation now owns 21,140 shares of the company’s stock valued at $273,000 after acquiring an additional 1,540 shares during the last quarter. Covestor Ltd increased its position in shares of Burford Capital by 27.6% during the third quarter. Covestor Ltd now owns 8,527 shares of the company’s stock worth $113,000 after purchasing an additional 1,842 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Burford Capital by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company’s stock valued at $6,369,000 after purchasing an additional 2,277 shares during the last quarter. Epacria Capital Partners LLC lifted its holdings in Burford Capital by 20.9% in the 3rd quarter. Epacria Capital Partners LLC now owns 23,291 shares of the company’s stock valued at $309,000 after purchasing an additional 4,019 shares in the last quarter. Finally, Allegheny Financial Group LTD boosted its stake in Burford Capital by 26.5% during the 2nd quarter. Allegheny Financial Group LTD now owns 26,590 shares of the company’s stock worth $347,000 after purchasing an additional 5,578 shares during the last quarter.

Burford Capital Stock Up 0.4 %

NYSE BUR opened at $12.79 on Thursday. The business’s fifty day simple moving average is $13.51 and its 200-day simple moving average is $13.36. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.80 billion, a PE ratio of 11.03 and a beta of 0.48. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $16.77.

Analyst Ratings Changes

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

About Burford Capital

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.