Y Intercept Hong Kong Ltd Acquires 140,595 Shares of Burford Capital Limited $BUR

Y Intercept Hong Kong Ltd boosted its holdings in shares of Burford Capital Limited (NYSE:BUR) by 181.8% in the first quarter, Holdings Channel.com reports. The fund owned 217,931 shares of the company’s stock after acquiring an additional 140,595 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Burford Capital were worth $985,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BUR. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Burford Capital during the first quarter valued at $2,226,000. Wasatch Advisors LP purchased a new stake in Burford Capital in the 1st quarter valued at about $98,000. Mercer Global Advisors Inc. ADV bought a new position in Burford Capital in the 4th quarter worth about $157,000. XTX Topco Ltd purchased a new position in shares of Burford Capital during the fourth quarter worth approximately $255,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Burford Capital during the fourth quarter valued at approximately $5,587,000.

Burford Capital Stock Down 0.4%

Shares of NYSE BUR traded down $0.01 during midday trading on Friday, reaching $4.22. 1,239,783 shares of the company’s stock traded hands, compared to its average volume of 2,122,412. 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 stock’s 50 day simple moving average is $4.48 and its 200-day simple moving average is $6.67. Burford Capital Limited has a one year low of $3.59 and a one year high of $14.58. The company has a market cap of $925.57 million, a price-to-earnings ratio of -0.58, a P/E/G ratio of 0.05 and a beta of 1.26.

Wall Street Analyst Weigh In

BUR has been the topic of several research analyst reports. Weiss Ratings cut Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Wedbush upped their target price on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft downgraded Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research report on Monday, May 11th. Wall Street Zen lowered Burford Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, B. Riley Financial restated a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Two investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.33.

Burford Capital Company 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.