Burford Capital Limited (NYSE:BUR) Shares Acquired by Crawford Fund Management LLC

Crawford Fund Management LLC increased its stake in Burford Capital Limited (NYSE:BUR) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 287,446 shares of the company’s stock after acquiring an additional 30,700 shares during the period. Burford Capital makes up 0.8% of Crawford Fund Management LLC’s investment portfolio, making the stock its 20th largest position. Crawford Fund Management LLC’s holdings in Burford Capital were worth $3,812,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Bank of Montreal Can boosted its position in shares of Burford Capital by 367.7% in the second quarter. Bank of Montreal Can now owns 5,753,031 shares of the company’s stock worth $75,077,000 after acquiring an additional 4,523,087 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Burford Capital by 1.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,052,748 shares of the company’s stock valued at $39,838,000 after buying an additional 34,845 shares in the last quarter. Baillie Gifford & Co. lifted its position in Burford Capital by 15.6% during the second quarter. Baillie Gifford & Co. now owns 1,534,668 shares of the company’s stock valued at $19,788,000 after buying an additional 207,157 shares in the last quarter. Marshall Wace LLP lifted its position in Burford Capital by 57.5% during the second quarter. Marshall Wace LLP now owns 1,050,754 shares of the company’s stock valued at $13,712,000 after buying an additional 383,577 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Burford Capital by 4,376.3% during the second quarter. Bank of New York Mellon Corp now owns 1,039,300 shares of the company’s stock valued at $13,563,000 after buying an additional 1,016,082 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BUR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of 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 restated an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a research note on Friday, August 9th.

Burford Capital Stock Up 0.7 %

Shares of NYSE:BUR opened at $13.54 on Friday. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $13.51 and a 200 day simple moving average of $13.49. The firm has a market cap of $2.97 billion, a PE ratio of 11.67 and a beta of 0.49. Burford Capital Limited has a 12-month low of $12.07 and a 12-month high of $16.77.

Burford Capital Company 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.