Baillie Gifford & Co. Grows Position in Burford Capital Limited (NYSE:BUR)

Baillie Gifford & Co. raised its position in shares of Burford Capital Limited (NYSE:BUR) by 112.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,327,511 shares of the company’s stock after acquiring an additional 703,518 shares during the period. Baillie Gifford & Co.’s holdings in Burford Capital were worth $20,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mithaq Capital SPC bought a new position in Burford Capital during the fourth quarter valued at $355,631,000. Teacher Retirement System of Texas lifted its holdings in shares of Burford Capital by 9.2% in the 4th quarter. Teacher Retirement System of Texas now owns 6,700,000 shares of the company’s stock valued at $104,520,000 after acquiring an additional 565,000 shares during the last quarter. Greenhaven Road Investment Management L.P. grew its position in Burford Capital by 19.9% in the third quarter. Greenhaven Road Investment Management L.P. now owns 1,582,622 shares of the company’s stock worth $22,157,000 after acquiring an additional 262,235 shares in the last quarter. Onex Canada Asset Management Inc. increased its stake in Burford Capital by 4.5% during the fourth quarter. Onex Canada Asset Management Inc. now owns 1,202,128 shares of the company’s stock worth $18,753,000 after acquiring an additional 51,483 shares during the last quarter. Finally, Exane Asset Management raised its position in Burford Capital by 2.4% during the fourth quarter. Exane Asset Management now owns 368,954 shares of the company’s stock valued at $5,698,000 after purchasing an additional 8,563 shares during the period.

Burford Capital Price Performance

Burford Capital stock traded up $0.05 during mid-day trading on Friday, hitting $12.98. The company’s stock had a trading volume of 1,023,049 shares, compared to its average volume of 2,546,789. Burford Capital Limited has a one year low of $11.83 and a one year high of $17.70. The company has a 50 day moving average of $14.14 and a 200-day moving average of $14.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 14.17 and a current ratio of 14.17.

Burford Capital (NYSE:BUR) last posted its quarterly earnings results on Monday, May 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.45 by ($0.59). Burford Capital had a return on equity of 10.61% and a net margin of 42.81%. The company had revenue of $44.30 million during the quarter, compared to analysts’ expectations of $206.00 million. On average, sell-side analysts forecast that Burford Capital Limited will post 1.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a $22.50 target price on shares of Burford Capital in a report on Tuesday.

About Burford Capital

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.