108,154 Shares in Burford Capital Limited (NYSE:BUR) Purchased by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC bought a new position in Burford Capital Limited (NYSE:BUR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 108,154 shares of the company’s stock, valued at approximately $1,434,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank purchased a new position in shares of Burford Capital during the 2nd quarter valued at about $90,000. Blue Trust Inc. increased its stake in Burford Capital by 503.2% in the 3rd quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock worth $101,000 after acquiring an additional 6,481 shares during the last quarter. Covestor Ltd increased its stake in Burford Capital by 27.6% in the 3rd quarter. Covestor Ltd now owns 8,527 shares of the company’s stock worth $113,000 after acquiring an additional 1,842 shares during the last quarter. Xponance Inc. bought a new stake in Burford Capital in the 2nd quarter worth approximately $166,000. Finally, Paloma Partners Management Co bought a new position in shares of Burford Capital during the 1st quarter valued at approximately $192,000.

Burford Capital Stock Down 1.2 %

Shares of NYSE BUR traded down $0.16 during mid-day trading on Friday, reaching $13.19. 806,908 shares of the company were exchanged, compared to its average volume of 965,528. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 11.38 and a beta of 0.49. Burford Capital Limited has a 1 year low of $12.07 and a 1 year high of $16.77. The firm has a 50-day moving average of $13.43 and a 200 day moving average of $13.63.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BUR shares. Wedbush reissued an “outperform” rating and set a $18.00 target price on shares of Burford Capital in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Burford Capital in a report on Friday, September 6th. They issued a “buy” rating and a $18.00 target price for the company.

About Burford Capital

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.