Sycale Advisors NY LLC Reduces Stake in Burford Capital Limited $BUR

Sycale Advisors NY LLC cut its stake in Burford Capital Limited (NYSE:BUR) by 75.3% in the first quarter, Holdings Channel reports. The fund owned 204,900 shares of the company’s stock after selling 625,476 shares during the period. Burford Capital accounts for about 0.5% of Sycale Advisors NY LLC’s portfolio, making the stock its 17th largest holding. Sycale Advisors NY LLC’s holdings in Burford Capital were worth $926,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BUR. Aberdeen Group plc increased its position in Burford Capital by 26.8% during the fourth quarter. Aberdeen Group plc now owns 2,357,279 shares of the company’s stock worth $21,027,000 after purchasing an additional 497,780 shares during the last quarter. SG Americas Securities LLC raised its stake in Burford Capital by 3,454.8% during the fourth quarter. SG Americas Securities LLC now owns 874,259 shares of the company’s stock worth $7,798,000 after purchasing an additional 849,665 shares during the period. Greenhaven Road Investment Management L.P. boosted its holdings in Burford Capital by 16.4% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 1,865,312 shares of the company’s stock valued at $16,639,000 after purchasing an additional 262,500 shares during the last quarter. Langdon Equity Partners acquired a new position in Burford Capital in the 4th quarter valued at about $19,661,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Burford Capital by 181.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 217,931 shares of the company’s stock valued at $985,000 after buying an additional 140,595 shares during the period.

Wall Street Analyst Weigh In

Several research firms have issued reports on BUR. Wall Street Zen cut Burford Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Wedbush increased their price target on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft downgraded 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. Finally, Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two research 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’s stock. According to MarketBeat, Burford Capital currently has a consensus rating of “Hold” and an average price target of $9.33.

Burford Capital Stock Performance

NYSE:BUR opened at $4.17 on Thursday. The company has a fifty day simple moving average of $4.34 and a two-hundred day simple moving average of $6.38. The company has a market cap of $914.62 million, a price-to-earnings ratio of -0.57, a price-to-earnings-growth ratio of 0.05 and a beta of 1.26. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59. Burford Capital Limited has a 52 week low of $3.59 and a 52 week high of $14.14.

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.