Geode Capital Management LLC Reduces Stock Position in Burford Capital Limited (NYSE:BUR)

Geode Capital Management LLC cut its position in Burford Capital Limited (NYSE:BUR) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,412,514 shares of the company’s stock after selling 4,816 shares during the period. Geode Capital Management LLC owned approximately 1.10% of Burford Capital worth $31,990,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Amalgamated Bank acquired a new position in Burford Capital in the 2nd quarter worth approximately $90,000. Blue Trust Inc. grew its holdings in Burford Capital by 503.2% during the third quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock worth $101,000 after acquiring an additional 6,481 shares during the period. Covestor Ltd raised its position in Burford Capital by 27.6% during the third quarter. Covestor Ltd now owns 8,527 shares of the company’s stock valued at $113,000 after acquiring an additional 1,842 shares in the last quarter. BBR Partners LLC acquired a new position in Burford Capital in the third quarter valued at approximately $133,000. Finally, Xponance Inc. purchased a new stake in Burford Capital in the 2nd quarter worth approximately $166,000.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Burford Capital in a report on Friday, September 6th. They set a “buy” rating and a $18.00 target price for the company.

Burford Capital Stock Performance

NYSE BUR opened at $12.79 on Thursday. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. Burford Capital Limited has a twelve month low of $12.07 and a twelve month high of $16.77. The stock has a 50-day moving average of $13.51 and a 200 day moving average of $13.36. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 11.03 and a beta of 0.48.

Burford Capital 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.