Burford Capital Limited (NYSE:BUR) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP cut its position in Burford Capital Limited (NYSE:BUR) by 87.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,874 shares of the company’s stock after selling 33,453 shares during the period. Quantbot Technologies LP’s holdings in Burford Capital were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BUR. LGT Group Foundation grew its position in shares of Burford Capital by 7.9% in the 2nd quarter. LGT Group Foundation now owns 21,140 shares of the company’s stock valued at $273,000 after buying an additional 1,540 shares during the last quarter. Covestor Ltd grew its position in shares of Burford Capital by 27.6% during the third quarter. Covestor Ltd now owns 8,527 shares of the company’s stock worth $113,000 after acquiring an additional 1,842 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Burford Capital by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company’s stock valued at $6,369,000 after acquiring an additional 2,277 shares during the period. Clear Harbor Asset Management LLC raised its holdings in shares of Burford Capital by 6.0% in the second quarter. Clear Harbor Asset Management LLC now owns 74,579 shares of the company’s stock valued at $973,000 after buying an additional 4,244 shares during the last quarter. Finally, Allegheny Financial Group LTD raised its stake in Burford Capital by 26.5% during the 2nd quarter. Allegheny Financial Group LTD now owns 26,590 shares of the company’s stock valued at $347,000 after acquiring an additional 5,578 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft began coverage on Burford Capital in a report on Friday, September 6th. They issued a “buy” rating and a $18.00 price objective on the stock.

Burford Capital Stock Performance

Shares of NYSE BUR opened at $13.30 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 firm has a 50-day moving average price of $13.52 and a 200 day moving average price of $13.45. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $16.77.

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.