UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 61,340 Shares of Burford Capital Limited (NYSE:BUR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Burford Capital Limited (NYSE:BUR) by 13.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 393,325 shares of the company’s stock after selling 61,340 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Burford Capital were worth $5,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Burford Capital in the 2nd quarter valued at about $438,000. Clear Harbor Asset Management LLC grew its stake in Burford Capital by 6.0% in the second 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 in the last quarter. BigSur Wealth Management LLC acquired a new position in shares of Burford Capital during the 2nd quarter worth approximately $652,000. Baillie Gifford & Co. raised its stake in shares of Burford Capital by 15.6% during the 2nd quarter. Baillie Gifford & Co. now owns 1,534,668 shares of the company’s stock worth $19,788,000 after purchasing an additional 207,157 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Burford Capital by 4,376.3% in the 2nd 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 during the last quarter.

Burford Capital Stock Performance

BUR opened at $13.82 on Thursday. The company has a quick ratio of 15.75, a current ratio of 15.75 and a debt-to-equity ratio of 0.54. Burford Capital Limited has a 12-month low of $12.07 and a 12-month high of $16.77. The business has a 50 day moving average of $13.55 and a 200-day moving average of $13.44. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 11.91 and a beta of 0.48.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Burford Capital in a research note on Friday, September 6th. They issued a “buy” rating and a $18.00 price target for the company.

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.