KBC Group NV Buys 633,393 Shares of Burford Capital Limited $BUR

KBC Group NV boosted its stake in Burford Capital Limited (NYSE:BUR) by 8,916.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 640,497 shares of the company’s stock after buying an additional 633,393 shares during the quarter. KBC Group NV’s holdings in Burford Capital were worth $2,895,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BUR. Signaturefd LLC boosted its holdings in Burford Capital by 1,687.7% during the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock worth $26,000 after acquiring an additional 2,751 shares during the last quarter. Strs Ohio purchased a new stake in shares of Burford Capital in the first quarter valued at about $55,000. Quadrant Capital Group LLC bought a new position in shares of Burford Capital during the fourth quarter valued at about $53,000. Insigneo Advisory Services LLC bought a new position in shares of Burford Capital during the fourth quarter valued at about $93,000. Finally, Equitable Holdings Inc. bought a new position in shares of Burford Capital during the fourth quarter valued at about $94,000.

Analyst Ratings Changes

A number of brokerages have issued reports on BUR. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings cut shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Burford Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a research report on Thursday, May 14th. Finally, Wedbush lifted their price target on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Burford Capital presently has a consensus rating of “Hold” and an average price target of $9.33.

Burford Capital Price Performance

BUR opened at $4.16 on Friday. The firm has a market cap of $910.24 million, a P/E ratio of -0.57, a PEG ratio of 0.05 and a beta of 1.26. The firm has a 50-day moving average of $4.31 and a 200 day moving average of $6.33. The company has a debt-to-equity ratio of 1.59, a quick ratio of 13.72 and a current ratio of 13.72. Burford Capital Limited has a fifty-two week low of $3.59 and a fifty-two week high of $14.14.

Burford Capital Profile

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.