Mawer Investment Management Ltd. Takes $8.11 Million Position in Burford Capital Limited $BUR

Mawer Investment Management Ltd. purchased a new stake in Burford Capital Limited (NYSE:BUR) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 678,384 shares of the company’s stock, valued at approximately $8,113,000.

A number of other large investors also recently added to or reduced their stakes in BUR. CWM LLC grew its position in shares of Burford Capital by 131.3% in the second quarter. CWM LLC now owns 3,625 shares of the company’s stock valued at $52,000 after purchasing an additional 2,058 shares during the period. Strs Ohio acquired a new position in shares of Burford Capital during the 1st quarter worth about $55,000. KBC Group NV purchased a new position in Burford Capital in the 2nd quarter valued at about $70,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Burford Capital in the 3rd quarter worth about $120,000. Finally, State of Alaska Department of Revenue acquired a new stake in Burford Capital in the 3rd quarter worth about $124,000.

Burford Capital Trading Up 0.3%

Shares of Burford Capital stock opened at $9.69 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 14.99 and a quick ratio of 14.99. The stock’s 50 day simple moving average is $9.34 and its 200-day simple moving average is $11.05. The stock has a market cap of $2.12 billion, a P/E ratio of 25.50, a P/E/G ratio of 0.16 and a beta of 0.58. Burford Capital Limited has a 1-year low of $8.19 and a 1-year high of $15.73.

Burford Capital (NYSE:BUR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.39). The company had revenue of $69.80 million for the quarter, compared to analysts’ expectations of $136.03 million. Burford Capital had a return on equity of 2.71% and a net margin of 18.42%. Analysts predict that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wall Street Zen cut Burford Capital from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Burford Capital in a research report on Monday, December 29th. B. Riley reissued a “buy” rating and issued a $18.00 price objective (down from $20.00) on shares of Burford Capital in a research note on Tuesday, November 11th. Finally, Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Burford Capital has a consensus rating of “Hold” and an average target price of $18.00.

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.