Virtu Financial LLC Grows Holdings in Burford Capital Limited (NYSE:BUR)

Virtu Financial LLC boosted its position in shares of Burford Capital Limited (NYSE:BUR) by 30.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,288 shares of the company’s stock after acquiring an additional 4,524 shares during the period. Virtu Financial LLC’s holdings in Burford Capital were worth $256,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BUR. Sunbelt Securities Inc. bought a new stake in shares of Burford Capital during the 3rd quarter valued at $57,000. Amalgamated Bank purchased a new stake in Burford Capital in the 2nd quarter worth $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. Finally, BBR Partners LLC bought a new position in shares of Burford Capital in the third quarter worth about $133,000.

Burford Capital Stock Performance

Shares of NYSE BUR opened at $13.46 on Wednesday. The company has a market cap of $2.95 billion, a P/E ratio of 11.60 and a beta of 0.48. Burford Capital Limited has a 52-week low of $12.07 and a 52-week high of $16.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. The firm’s fifty day moving average is $13.59 and its two-hundred day moving average is $13.41.

Analyst Ratings Changes

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

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.