Barclays PLC Sells 204,374 Shares of Burford Capital Limited (NYSE:BUR)

Barclays PLC cut its stake in shares of Burford Capital Limited (NYSE:BURFree Report) by 27.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 540,185 shares of the company’s stock after selling 204,374 shares during the period. Barclays PLC’s holdings in Burford Capital were worth $7,562,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC bought a new position in Burford Capital during the second quarter worth about $31,000. Citigroup Inc. lifted its holdings in shares of Burford Capital by 273,700.0% in the first quarter. Citigroup Inc. now owns 2,738 shares of the company’s stock valued at $25,000 after purchasing an additional 2,737 shares in the last quarter. Covestor Ltd acquired a new stake in shares of Burford Capital in the second quarter valued at about $50,000. ExodusPoint Capital Management LP acquired a new stake in shares of Burford Capital in the first quarter valued at about $115,000. Finally, Boulder Hill Capital Management LP acquired a new stake in shares of Burford Capital in the second quarter valued at about $135,000.

Burford Capital Trading Down 0.6 %

Shares of NYSE BUR opened at $14.37 on Thursday. The company has a current ratio of 9.68, a quick ratio of 9.68 and a debt-to-equity ratio of 0.50. Burford Capital Limited has a 1-year low of $6.09 and a 1-year high of $17.70. The business’s 50 day moving average is $14.43 and its 200-day moving average is $13.90.

Burford Capital (NYSE:BURGet Free Report) last announced its earnings results on Thursday, November 9th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.86. The firm had revenue of $368.87 million for the quarter, compared to the consensus estimate of $148.80 million. Analysts expect that Burford Capital Limited will post 2.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wedbush dropped their price objective on Burford Capital from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th.

Check Out Our Latest Analysis on BUR

About Burford Capital

(Free Report)

Burford Capital Limited, through its subsidiaries, 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.

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Institutional Ownership by Quarter for Burford Capital (NYSE:BUR)

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