Principal Financial Group Inc. Trims Stock Position in Burford Capital Limited (NYSE:BUR)

Principal Financial Group Inc. decreased its position in shares of Burford Capital Limited (NYSE:BUR) by 28.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,975 shares of the company’s stock after selling 5,673 shares during the quarter. Principal Financial Group Inc.’s holdings in Burford Capital were worth $185,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can boosted its position in shares of Burford Capital by 367.7% in the 2nd quarter. Bank of Montreal Can now owns 5,753,031 shares of the company’s stock valued at $75,077,000 after purchasing an additional 4,523,087 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Burford Capital by 1.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,052,748 shares of the company’s stock worth $39,838,000 after acquiring an additional 34,845 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Burford Capital by 15.6% during the second quarter. Baillie Gifford & Co. now owns 1,534,668 shares of the company’s stock worth $19,788,000 after acquiring an additional 207,157 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Burford Capital by 57.5% in the 2nd quarter. Marshall Wace LLP now owns 1,050,754 shares of the company’s stock valued at $13,712,000 after acquiring an additional 383,577 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Burford Capital by 4,376.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,039,300 shares of the company’s stock worth $13,563,000 after purchasing an additional 1,016,082 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BUR shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burford Capital in a report on Friday, September 6th. They issued a “buy” rating and a $18.00 target price for the company. Wedbush reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Burford Capital in a research report on Friday, August 9th.

Burford Capital Trading Down 0.9 %

Shares of Burford Capital stock opened at $13.68 on Tuesday. The firm has a fifty day moving average of $13.50 and a two-hundred day moving average of $13.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. Burford Capital Limited has a one year low of $12.07 and a one year high of $16.77.

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.