Horizon Kinetics Asset Management LLC Sells 12,774 Shares of Burford Capital Limited (NYSE:BUR)

Horizon Kinetics Asset Management LLC cut its holdings in Burford Capital Limited (NYSE:BUR) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 353,315 shares of the company’s stock after selling 12,774 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Burford Capital were worth $4,685,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Amalgamated Bank purchased a new position in Burford Capital in the second quarter worth about $90,000. Blue Trust Inc. increased its position in shares of Burford Capital by 503.2% during the 3rd quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock valued at $101,000 after purchasing an additional 6,481 shares during the last quarter. Covestor Ltd increased its position in shares of Burford Capital by 27.6% during the 3rd quarter. Covestor Ltd now owns 8,527 shares of the company’s stock valued at $113,000 after purchasing an additional 1,842 shares during the last quarter. Xponance Inc. purchased a new stake in Burford Capital during the 2nd quarter valued at $166,000. Finally, Paloma Partners Management Co bought a new stake in Burford Capital in the first quarter worth $192,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on BUR. Wedbush reissued an “outperform” rating and issued a $18.00 target price on shares of Burford Capital in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burford Capital in a research report on Friday, September 6th. They issued a “buy” rating and a $18.00 price objective on the stock.

Burford Capital Trading Up 0.6 %

BUR stock opened at $13.88 on Monday. Burford Capital Limited has a twelve month low of $12.07 and a twelve month high of $16.77. The business’s fifty day simple moving average is $13.49 and its two-hundred day simple moving average is $13.52. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54.

Burford Capital Profile

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.