Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $2.23 Million Investment in Burford Capital Limited $BUR

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Burford Capital Limited (NYSE:BUR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 492,536 shares of the company’s stock, valued at approximately $2,226,000.

Other hedge funds have also recently made changes to their positions in the company. Orbis Allan Gray Ltd grew its holdings in shares of Burford Capital by 31.1% during the fourth quarter. Orbis Allan Gray Ltd now owns 12,051,544 shares of the company’s stock worth $107,500,000 after purchasing an additional 2,859,722 shares during the last quarter. Ameriprise Financial Inc. increased its position in Burford Capital by 2.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 9,418,521 shares of the company’s stock valued at $107,170,000 after acquiring an additional 229,979 shares during the period. Bank of Montreal Can raised its stake in shares of Burford Capital by 24.8% during the fourth quarter. Bank of Montreal Can now owns 6,779,231 shares of the company’s stock valued at $60,471,000 after acquiring an additional 1,346,663 shares during the last quarter. Cooke & Bieler LP lifted its holdings in shares of Burford Capital by 31.0% during the fourth quarter. Cooke & Bieler LP now owns 5,194,551 shares of the company’s stock worth $46,335,000 after purchasing an additional 1,228,328 shares during the period. Finally, Contrarian Capital Management L.L.C. lifted its holdings in shares of Burford Capital by 58.2% during the third quarter. Contrarian Capital Management L.L.C. now owns 4,044,998 shares of the company’s stock worth $48,378,000 after purchasing an additional 1,488,250 shares during the period.

Analysts Set New Price Targets

Several brokerages have commented on BUR. B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Wedbush upped their target price on Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings lowered shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.33.

Burford Capital Stock Down 0.1%

Burford Capital stock opened at $4.25 on Friday. The company has a market capitalization of $932.14 million, a PE ratio of -0.58, a PEG ratio of 0.05 and a beta of 1.26. Burford Capital Limited has a 12-month low of $3.59 and a 12-month high of $15.10. The firm’s fifty day moving average is $4.52 and its 200 day moving average is $6.84. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59.

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.