Michelson Medical Research Foundation Inc. Increases Stock Position in Burford Capital Limited (NYSE:BUR)

Michelson Medical Research Foundation Inc. increased its holdings in shares of Burford Capital Limited (NYSE:BUR) by 50.0% during the third quarter, HoldingsChannel reports. The firm owned 180,000 shares of the company’s stock after buying an additional 60,000 shares during the period. Burford Capital comprises 1.7% of Michelson Medical Research Foundation Inc.’s portfolio, making the stock its 19th biggest holding. Michelson Medical Research Foundation Inc.’s holdings in Burford Capital were worth $2,387,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. LGT Group Foundation lifted its position in Burford Capital by 7.9% during the second quarter. LGT Group Foundation now owns 21,140 shares of the company’s stock valued at $273,000 after purchasing an additional 1,540 shares during the period. Covestor Ltd grew its holdings in shares of Burford Capital by 27.6% in the third 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 period. Charles Schwab Investment Management Inc. lifted its holdings in Burford Capital by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 480,315 shares of the company’s stock valued at $6,369,000 after acquiring an additional 2,277 shares during the period. Epacria Capital Partners LLC boosted its position in Burford Capital by 20.9% in the third quarter. Epacria Capital Partners LLC now owns 23,291 shares of the company’s stock worth $309,000 after purchasing an additional 4,019 shares during the last quarter. Finally, Clear Harbor Asset Management LLC grew its stake in shares of Burford Capital by 6.0% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 74,579 shares of the company’s stock valued at $973,000 after purchasing an additional 4,244 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BUR shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Burford Capital in a report on Friday, September 6th. They issued a “buy” rating and a $18.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Burford Capital in a report on Friday, August 9th.

Burford Capital Price Performance

BUR opened at $13.37 on Wednesday. The company has a 50 day simple moving average of $13.52 and a two-hundred day simple moving average of $13.47. 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 Limited has a 1-year low of $12.07 and a 1-year high of $16.77.

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.