Mawer Investment Management Ltd. Reduces Position in Burford Capital Limited $BUR

Mawer Investment Management Ltd. decreased its stake in shares of Burford Capital Limited (NYSE:BUR) by 63.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 249,181 shares of the company’s stock after selling 429,203 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Burford Capital were worth $2,223,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in shares of Burford Capital by 2.5% during the third quarter. Ameriprise Financial Inc. now owns 9,418,521 shares of the company’s stock worth $107,170,000 after purchasing an additional 229,979 shares during the last quarter. Orbis Allan Gray Ltd boosted its holdings in Burford Capital by 6.9% in the second quarter. Orbis Allan Gray Ltd now owns 7,732,120 shares of the company’s stock valued at $110,260,000 after acquiring an additional 496,616 shares during the last quarter. Bank of Montreal Can raised its position in Burford Capital by 9.2% in the third quarter. Bank of Montreal Can now owns 5,432,568 shares of the company’s stock valued at $64,974,000 after purchasing an additional 455,627 shares during the period. Cooke & Bieler LP raised its position in Burford Capital by 31.0% in the fourth quarter. Cooke & Bieler LP now owns 5,194,551 shares of the company’s stock valued at $46,335,000 after purchasing an additional 1,228,328 shares during the period. Finally, Contrarian Capital Management L.L.C. raised its position in Burford Capital by 58.2% in the third quarter. Contrarian Capital Management L.L.C. now owns 4,044,998 shares of the company’s stock valued at $48,378,000 after purchasing an additional 1,488,250 shares during the period.

Burford Capital Stock Performance

Shares of NYSE BUR opened at $4.57 on Wednesday. The company has a current ratio of 13.72, a quick ratio of 13.72 and a debt-to-equity ratio of 1.59. The stock has a 50 day simple moving average of $4.94 and a 200-day simple moving average of $7.63. The company has a market cap of $1.00 billion, a PE ratio of -0.62, a P/E/G ratio of 0.06 and a beta of 1.23. Burford Capital Limited has a 12-month low of $3.59 and a 12-month high of $15.10.

Wall Street Analyst Weigh In

A number of analysts have 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 target price on the stock. in a research report on Monday, May 11th. B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a research report on Thursday, May 14th. Bank of America initiated coverage on Burford Capital in a research report on Wednesday, February 18th. They set a “buy” rating on the stock. Wedbush boosted their price objective on Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Zacks Research raised 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 issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Burford Capital presently has a consensus rating of “Hold” and a consensus price target of $9.33.

Burford Capital Profile

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.