Fmr LLC Acquires 22,192 Shares of Burford Capital Limited (NYSE:BUR)

Fmr LLC lifted its holdings in shares of Burford Capital Limited (NYSE:BUR) by 2,032.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,284 shares of the company’s stock after purchasing an additional 22,192 shares during the period. Fmr LLC’s holdings in Burford Capital were worth $308,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BUR. Evergreen Wealth Management LLC acquired a new stake in Burford Capital during the 3rd quarter valued at approximately $1,434,000. Bank of Montreal Can increased its position in shares of Burford Capital by 367.7% during the second quarter. Bank of Montreal Can now owns 5,753,031 shares of the company’s stock worth $75,077,000 after buying an additional 4,523,087 shares during the period. Baillie Gifford & Co. raised its stake in Burford Capital by 15.6% during the second quarter. Baillie Gifford & Co. now owns 1,534,668 shares of the company’s stock worth $19,788,000 after buying an additional 207,157 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Burford Capital by 456.9% in the second quarter. The Manufacturers Life Insurance Company now owns 91,905 shares of the company’s stock valued at $1,196,000 after buying an additional 75,402 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Burford Capital during the third quarter valued at $264,000.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft started coverage on Burford Capital in a report on Friday, September 6th. They set a “buy” rating and a $18.00 price target for the company.

Burford Capital Price Performance

Burford Capital stock opened at $12.93 on Friday. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 11.15 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. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. The stock’s 50 day moving average price is $13.56 and its two-hundred day moving average price is $13.40.

Burford Capital 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.