Burford Capital Limited $BUR Stock: Cooke & Bieler LP Lowers Stake

Cooke & Bieler LP lessened its position in Burford Capital Limited (NYSE:BUR) by 23.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,880,725 shares of the company’s stock after selling 900,427 shares during the period. Cooke & Bieler LP owned 1.31% of Burford Capital worth $11,292,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BUR. Solas Capital Management LLC lifted its stake in shares of Burford Capital by 23.4% in the 2nd quarter. Solas Capital Management LLC now owns 1,210,944 shares of the company’s stock valued at $4,965,000 after purchasing an additional 230,000 shares during the period. Renaissance Technologies LLC grew its position in Burford Capital by 15.2% during the 1st quarter. Renaissance Technologies LLC now owns 958,500 shares of the company’s stock valued at $4,332,000 after purchasing an additional 126,500 shares during the last quarter. Empowered Funds LLC increased its position in shares of Burford Capital by 6.0% during the first quarter. Empowered Funds LLC now owns 761,609 shares of the company’s stock valued at $3,442,000 after acquiring an additional 42,951 shares in the last quarter. KBC Group NV increased its holdings in shares of Burford Capital by 8,916.0% in the 1st quarter. KBC Group NV now owns 640,497 shares of the company’s stock worth $2,895,000 after purchasing an additional 633,393 shares in the last quarter. Finally, Odyssean LLC purchased a new position in Burford Capital in the 2nd quarter worth about $2,512,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Burford Capital in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Burford Capital from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Burford Capital presently has an average rating of “Hold” and a consensus price target of $9.33.

Burford Capital Stock Down 1.5%

Shares of BUR stock opened at $3.04 on Thursday. Burford Capital Limited has a 1-year low of $2.86 and a 1-year high of $11.35. The company has a debt-to-equity ratio of 1.64, a current ratio of 9.56 and a quick ratio of 9.56. The company has a market cap of $666.43 million, a price-to-earnings ratio of -0.39 and a beta of 1.25. The stock’s fifty day moving average price is $3.95 and its 200 day moving average price is $4.27.

Burford Capital (NYSE:BUR) last issued its earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.07). During the same period in the previous year, the firm earned $0.39 EPS. On average, research analysts expect that Burford Capital Limited will post 1.55 earnings per share for the current fiscal year.

Burford Capital Profile

Burford Capital Limited (NYSE: BUR) is a global legal finance and asset management firm. The company provides capital to businesses and law firms involved in commercial litigation and arbitration, allowing clients to finance legal expenses, manage risk, or access the potential value of legal claims and judgments without relying solely on their balance sheets.

Its services include single-case and portfolio litigation finance, post-settlement and judgment monetization, legal asset management, and corporate legal finance.