Emeth Value Capital LLC Acquires 62,374 Shares of Burford Capital Limited (NYSE:BUR)

Emeth Value Capital LLC boosted its holdings in shares of Burford Capital Limited (NYSE:BUR - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,472,536 shares of the company's stock after acquiring an additional 62,374 shares during the quarter. Burford Capital makes up approximately 17.3% of Emeth Value Capital LLC's portfolio, making the stock its 3rd largest holding. Emeth Value Capital LLC owned 0.67% of Burford Capital worth $19,452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its position in shares of Burford Capital by 820.4% in the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after purchasing an additional 5,628 shares during the period. Sunbelt Securities Inc. raised its position in shares of Burford Capital by 109.3% in the fourth quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company's stock valued at $114,000 after purchasing an additional 4,700 shares during the period. HM Payson & Co. bought a new position in shares of Burford Capital in the fourth quarter valued at approximately $119,000. Quantinno Capital Management LP bought a new position in shares of Burford Capital in the fourth quarter valued at approximately $132,000. Finally, Mariner LLC bought a new position in shares of Burford Capital in the fourth quarter valued at approximately $142,000.

Analysts Set New Price Targets

Separately, Wedbush raised shares of Burford Capital to an "outperform" rating and set a $18.00 price target on the stock in a research report on Wednesday, June 11th.

Burford Capital Stock Performance

Shares of Burford Capital stock traded down $0.01 during midday trading on Friday, hitting $11.03. The company had a trading volume of 2,437,728 shares, compared to its average volume of 1,032,690. The business's 50 day simple moving average is $13.28 and its two-hundred day simple moving average is $13.53. The stock has a market cap of $2.41 billion, a PE ratio of 11.86 and a beta of 0.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 13.27 and a quick ratio of 13.27. Burford Capital Limited has a 1-year low of $10.70 and a 1-year high of $15.73.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.16). The company had revenue of $118.86 million during the quarter, compared to analyst estimates of $157.00 million. Burford Capital had a return on equity of 6.41% and a net margin of 33.41%. As a group, equities analysts predict that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital 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.