State Street Corp Purchases 582,514 Shares of Burford Capital Limited (NYSE:BUR)

State Street Corp raised its position in Burford Capital Limited (NYSE:BURFree Report) by 24.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,946,927 shares of the company’s stock after purchasing an additional 582,514 shares during the quarter. State Street Corp owned 1.35% of Burford Capital worth $39,076,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Michelson Medical Research Foundation Inc. lifted its stake in shares of Burford Capital by 50.0% during the 3rd quarter. Michelson Medical Research Foundation Inc. now owns 180,000 shares of the company’s stock worth $2,387,000 after acquiring an additional 60,000 shares during the last quarter. HighTower Advisors LLC increased its stake in Burford Capital by 15.7% in the third quarter. HighTower Advisors LLC now owns 314,037 shares of the company’s stock worth $4,154,000 after purchasing an additional 42,699 shares during the period. Claar Advisors LLC lifted its position in shares of Burford Capital by 22.7% during the third quarter. Claar Advisors LLC now owns 595,446 shares of the company’s stock worth $7,896,000 after purchasing an additional 110,000 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of Burford Capital during the third quarter valued at $375,000. Finally, Crawford Fund Management LLC grew its holdings in shares of Burford Capital by 12.0% in the third quarter. Crawford Fund Management LLC now owns 287,446 shares of the company’s stock worth $3,812,000 after purchasing an additional 30,700 shares during the last quarter.

Burford Capital Trading Down 0.1 %

Shares of NYSE BUR opened at $12.93 on Friday. Burford Capital Limited has a twelve month low of $12.07 and a twelve month high of $16.77. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $13.56 and a two-hundred day simple moving average of $13.40. The firm has a market cap of $2.83 billion, a PE ratio of 11.15 and a beta of 0.48.

Analyst Upgrades and Downgrades

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

View Our Latest Report on Burford Capital

Burford Capital Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Burford Capital (NYSE:BUR)

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