Evergreen Wealth Management LLC purchased a new stake in Burford Capital Limited (NYSE:BUR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 108,154 shares of the company's stock, valued at approximately $1,434,000.
Several other hedge funds have also bought and sold shares of BUR. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Burford Capital in the 1st quarter valued at $238,000. M&G Plc bought a new position in Burford Capital during the 1st quarter valued at $18,108,000. Paloma Partners Management Co bought a new position in Burford Capital during the 1st quarter valued at $192,000. Sona Asset Management US LLC bought a new position in Burford Capital during the 1st quarter valued at $3,194,000. Finally, First Hawaiian Bank bought a new position in Burford Capital during the 2nd quarter valued at $399,000.
Shares of NYSE BUR traded down $0.16 during mid-day trading on Friday, reaching $13.19. 806,908 shares of the company's stock were exchanged, compared to its average volume of 965,528. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 11.38 and a beta of 0.49. The firm has a 50-day moving average price of $13.43 and a two-hundred day moving average price of $13.63. Burford Capital Limited has a 52 week low of $12.07 and a 52 week high of $16.77.
Several brokerages have weighed in on BUR. Deutsche Bank Aktiengesellschaft began coverage on Burford Capital in a research note on Friday, September 6th. They set a "buy" rating and a $18.00 price objective on the stock. Wedbush reiterated an "outperform" rating and set a $18.00 target price on shares of Burford Capital in a research note on Friday, August 9th.
View Our Latest Stock Analysis on BUR
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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