Sycale Advisors NY LLC Sells 1,190,522 Shares of Burford Capital Limited $BUR

Sycale Advisors NY LLC decreased its holdings in shares of Burford Capital Limited (NYSE:BUR) by 58.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 830,376 shares of the company’s stock after selling 1,190,522 shares during the period. Burford Capital accounts for 2.3% of Sycale Advisors NY LLC’s portfolio, making the stock its 14th largest position. Sycale Advisors NY LLC’s holdings in Burford Capital were worth $7,407,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Mariner LLC grew its stake in shares of Burford Capital by 49.6% during the fourth quarter. Mariner LLC now owns 25,404 shares of the company’s stock valued at $227,000 after buying an additional 8,418 shares during the last quarter. Fifth Lane Capital LP boosted its holdings in shares of Burford Capital by 83.9% in the fourth quarter. Fifth Lane Capital LP now owns 64,355 shares of the company’s stock valued at $574,000 after purchasing an additional 29,355 shares during the period. Greenhaven Road Investment Management L.P. boosted its holdings in shares of Burford Capital by 16.4% in the fourth 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 period. Ieq Capital LLC boosted its holdings in shares of Burford Capital by 608.6% in the fourth quarter. Ieq Capital LLC now owns 70,862 shares of the company’s stock valued at $632,000 after purchasing an additional 60,862 shares during the period. Finally, Langdon Equity Partners purchased a new stake in shares of Burford Capital in the fourth quarter valued at approximately $19,661,000.

Burford Capital Stock Up 0.4%

Burford Capital stock opened at $4.29 on Monday. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59. The firm has a market cap of $938.71 million, a P/E ratio of -0.58, a P/E/G ratio of 0.05 and a beta of 1.23. The business has a fifty day moving average of $4.61 and a two-hundred day moving average of $7.36. Burford Capital Limited has a twelve month low of $3.59 and a twelve month high of $15.10.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target for the company. in a report on Monday, May 11th. B. Riley Financial reiterated a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Bank of America assumed coverage on Burford Capital in a report on Wednesday, February 18th. They issued a “buy” rating for the company. Wedbush boosted their price target on Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Wall Street Zen lowered Burford Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.33.

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.