Burford Capital’s (BUR) Neutral Rating Reiterated at Wedbush

Wedbush reiterated their neutral rating on shares of Burford Capital (NYSE:BUR) in a report released on Thursday morning,Benzinga reports. They currently have a $3.65 price objective on the stock.

BUR has been the subject of a number of other research reports. Wall Street Zen raised shares of Burford Capital from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Burford Capital in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Burford Capital has an average rating of “Hold” and an average target price of $8.88.

Burford Capital Trading Down 0.4%

BUR stock opened at $3.35 on Thursday. Burford Capital has a 52-week low of $2.86 and a 52-week high of $11.35. 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 firm has a market cap of $736.69 million, a P/E ratio of -0.44 and a beta of 1.25. The company’s 50-day simple moving average is $3.91 and its 200-day simple moving average is $4.25.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). During the same period in the prior year, the business posted $0.39 EPS. As a group, equities analysts forecast that Burford Capital will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Burford Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Abel Hall LLC acquired a new stake in shares of Burford Capital during the third quarter worth about $67,000. Farther Finance Advisors LLC lifted its holdings in Burford Capital by 7.3% in the third quarter. Farther Finance Advisors LLC now owns 57,722 shares of the company’s stock valued at $226,000 after acquiring an additional 3,950 shares during the period. IKE Capital LLC purchased a new stake in Burford Capital during the second quarter worth about $90,000. Sequoia Financial Advisors LLC acquired a new position in Burford Capital during the second quarter worth $44,000. Finally, Solas Capital Management LLC grew its stake in Burford Capital by 23.4% in the 2nd quarter. Solas Capital Management LLC now owns 1,210,944 shares of the company’s stock valued at $4,965,000 after acquiring an additional 230,000 shares during the last quarter.

Burford Capital Company Profile

Burford Capital Limited (NYSE: BUR) is a global legal finance and asset management firm. The company provides capital to businesses and law firms involved in commercial litigation and arbitration, allowing clients to finance legal expenses, manage risk, or access the potential value of legal claims and judgments without relying solely on their balance sheets.

Its services include single-case and portfolio litigation finance, post-settlement and judgment monetization, legal asset management, and corporate legal finance.