Burford Capital Limited (NYSE:BUR) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its stake in Burford Capital Limited (NYSE:BUR) by 48.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,989,449 shares of the company’s stock after selling 2,763,582 shares during the period. Bank of Montreal Can’s holdings in Burford Capital were worth $39,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BUR. First Hawaiian Bank acquired a new position in Burford Capital in the 2nd quarter valued at about $399,000. SG Americas Securities LLC acquired a new position in Burford Capital in the 2nd quarter valued at about $438,000. Clear Harbor Asset Management LLC increased its position in Burford Capital by 6.0% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 74,579 shares of the company’s stock valued at $973,000 after acquiring an additional 4,244 shares during the period. BigSur Wealth Management LLC acquired a new position in Burford Capital in the 2nd quarter valued at about $652,000. Finally, Baillie Gifford & Co. increased its position in Burford Capital by 15.6% in the 2nd quarter. Baillie Gifford & Co. now owns 1,534,668 shares of the company’s stock valued at $19,788,000 after acquiring an additional 207,157 shares during the period.

Burford Capital Stock Performance

NYSE BUR opened at $13.54 on Friday. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $13.51 and its two-hundred day moving average is $13.49. Burford Capital Limited has a 12-month low of $12.07 and a 12-month high of $16.77. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 11.67 and a beta of 0.49.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BUR shares. Wedbush restated an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft began coverage on Burford Capital in a research report on Friday, September 6th. They set a “buy” rating and a $18.00 target price on the stock.

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.