Burford Capital Limited (NYSE:BUR) Given Average Rating of “Hold” by Analysts

Shares of Burford Capital Limited (NYSE:BUR) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $9.3333.

BUR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target for the company. in a research report on Monday, May 11th. Zacks Research cut shares of Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday. Wedbush boosted their target price on shares of Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Burford Capital in a research report on Friday. Finally, B. Riley Financial reiterated a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th.

Burford Capital Stock Performance

Shares of NYSE BUR opened at $4.33 on Wednesday. The company has a quick ratio of 9.56, a current ratio of 9.56 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $951.88 million, a price-to-earnings ratio of -0.56, a PEG ratio of 0.05 and a beta of 1.25. The stock’s fifty day simple moving average is $4.25 and its 200 day simple moving average is $5.86. Burford Capital has a 52-week low of $3.59 and a 52-week high of $14.14.

Burford Capital (NYSE:BUR) last announced its earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). The firm had revenue of $110.68 million during the quarter, compared to analyst estimates of $103.08 million. Burford Capital had a return on equity of 10.24% and a net margin of 15.14%.During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, sell-side analysts forecast that Burford Capital will post 2.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Burford Capital

A number of institutional investors have recently bought and sold shares of the business. Signaturefd LLC grew its stake in Burford Capital by 1,687.7% during the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after acquiring an additional 2,751 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Burford Capital in the fourth quarter worth approximately $53,000. Strs Ohio purchased a new stake in shares of Burford Capital in the first quarter worth approximately $55,000. Insigneo Advisory Services LLC acquired a new stake in shares of Burford Capital during the fourth quarter worth approximately $93,000. Finally, Equitable Holdings Inc. acquired a new stake in shares of Burford Capital during the fourth quarter worth approximately $94,000.

About Burford Capital

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.