Claar Advisors LLC Increases Stake in Burford Capital Limited (NYSE:BUR)

Claar Advisors LLC raised its holdings in shares of Burford Capital Limited (NYSE:BUR) by 22.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 595,446 shares of the company’s stock after purchasing an additional 110,000 shares during the quarter. Burford Capital comprises about 2.7% of Claar Advisors LLC’s holdings, making the stock its 12th biggest position. Claar Advisors LLC’s holdings in Burford Capital were worth $7,896,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Verition Fund Management LLC acquired a new position in Burford Capital during the third quarter worth $375,000. Crawford Fund Management LLC raised its holdings in shares of Burford Capital by 12.0% during the 3rd quarter. Crawford Fund Management LLC now owns 287,446 shares of the company’s stock worth $3,812,000 after acquiring an additional 30,700 shares during the period. Epacria Capital Partners LLC raised its holdings in shares of Burford Capital by 20.9% during the 3rd quarter. Epacria Capital Partners LLC now owns 23,291 shares of the company’s stock worth $309,000 after acquiring an additional 4,019 shares during the period. BBR Partners LLC purchased a new stake in shares of Burford Capital in the third quarter valued at about $133,000. Finally, MetLife Investment Management LLC increased its position in Burford Capital by 129.1% during the third quarter. MetLife Investment Management LLC now owns 116,066 shares of the company’s stock worth $1,539,000 after purchasing an additional 65,398 shares during the last quarter.

Wall Street Analysts Forecast Growth

BUR has been the subject of several analyst reports. Wedbush reissued an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Burford Capital in a research note on Friday, September 6th. They set a “buy” rating and a $18.00 target price for the company.

Burford Capital Price Performance

Shares of BUR opened at $13.63 on Monday. The firm has a 50-day simple moving average of $13.51 and a two-hundred day simple moving average of $13.47. The stock has a market cap of $2.99 billion, a PE ratio of 11.75 and a beta of 0.49. Burford Capital Limited has a 1-year low of $12.07 and a 1-year high of $16.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75.

Burford Capital Company Profile

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.