Charles Schwab Investment Management Inc. Boosts Stock Position in Burford Capital Limited (NYSE:BUR)

Charles Schwab Investment Management Inc. increased its position in Burford Capital Limited (NYSE:BUR) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,315 shares of the company’s stock after acquiring an additional 2,277 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Burford Capital were worth $6,369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank bought a new stake in shares of Burford Capital during the 2nd quarter valued at $90,000. Blue Trust Inc. raised its holdings in Burford Capital by 503.2% during the third quarter. Blue Trust Inc. now owns 7,769 shares of the company’s stock valued at $101,000 after acquiring an additional 6,481 shares during the period. Covestor Ltd lifted its position in shares of Burford Capital by 27.6% in the third quarter. Covestor Ltd now owns 8,527 shares of the company’s stock valued at $113,000 after acquiring an additional 1,842 shares in the last quarter. Xponance Inc. bought a new position in shares of Burford Capital in the second quarter worth about $166,000. Finally, Principal Financial Group Inc. bought a new position in shares of Burford Capital in the second quarter worth about $256,000.

Burford Capital Stock Up 1.2 %

Shares of BUR opened at $13.82 on Thursday. The business’s 50 day simple moving average is $13.53 and its 200-day simple moving average is $13.44. Burford Capital Limited has a 1 year low of $12.07 and a 1 year high of $16.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 11.77 and a beta of 0.48.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on 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.