Burford Capital Limited $BUR Stock: Cooke & Bieler LP Decreases Position

Cooke & Bieler LP trimmed its holdings in Burford Capital Limited (NYSE:BUR) by 23.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,880,725 shares of the company’s stock after selling 900,427 shares during the quarter. Cooke & Bieler LP’s holdings in Burford Capital were worth $11,292,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. XP Advisory US Inc. acquired a new position in Burford Capital in the second quarter valued at $31,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Burford Capital in the 2nd quarter valued at approximately $44,000. Waverly Advisors LLC acquired a new stake in Burford Capital in the second quarter valued at $46,000. Allworth Financial LP boosted its holdings in Burford Capital by 1,747.4% during the second quarter. Allworth Financial LP now owns 11,306 shares of the company’s stock worth $46,000 after buying an additional 10,694 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Burford Capital in the second quarter valued at $65,000.

Burford Capital Price Performance

Shares of Burford Capital stock opened at $3.04 on Thursday. Burford Capital Limited has a 52 week low of $2.86 and a 52 week high of $11.35. The stock has a market cap of $666.43 million, a PE ratio of -0.39 and a beta of 1.25. The company’s 50-day moving average price is $3.95 and its two-hundred day moving average price is $4.27. The company has a current ratio of 9.56, a quick ratio of 9.56 and a debt-to-equity ratio of 1.64.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). During the same period in the previous year, the firm earned $0.39 earnings per share. As a group, sell-side analysts anticipate that Burford Capital Limited will post 1.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on BUR shares. Wall Street Zen raised shares of Burford Capital from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Burford Capital in a research report on Friday, August 7th. Finally, Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.33.

Burford Capital Profile

Burford Capital Limited (NYSE: BUR) is a global legal finance and asset management firm. The company provides capital to businesses and law firms involved in commercial litigation and arbitration, allowing clients to finance legal expenses, manage risk, or access the potential value of legal claims and judgments without relying solely on their balance sheets.

Its services include single-case and portfolio litigation finance, post-settlement and judgment monetization, legal asset management, and corporate legal finance.