Burford Capital Limited (NYSE:BUR) Receives Average Rating of “Hold” from Brokerages

Shares of Burford Capital Limited (NYSE:BUR) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $9.3333.

Several brokerages have issued reports on BUR. Deutsche Bank Aktiengesellschaft cut shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 target price for the company. in a report on Monday, May 11th. Bank of America began coverage on shares of Burford Capital in a report on Wednesday, February 18th. They issued a “buy” rating for the company. Wedbush lifted their target price on shares of Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Finally, Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Burford Capital by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,261 shares of the company’s stock worth $1,575,000 after acquiring an additional 5,229 shares during the period. Millennium Management LLC grew its stake in shares of Burford Capital by 2,967.7% in the first quarter. Millennium Management LLC now owns 657,283 shares of the company’s stock worth $8,683,000 after acquiring an additional 635,857 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Burford Capital by 14.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,206,303 shares of the company’s stock worth $15,935,000 after acquiring an additional 152,792 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Burford Capital by 8.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,562 shares of the company’s stock worth $6,058,000 after acquiring an additional 35,541 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Burford Capital by 369.9% in the first quarter. Jane Street Group LLC now owns 201,950 shares of the company’s stock worth $2,667,000 after acquiring an additional 158,973 shares during the period.

Burford Capital Stock Up 3.2%

Shares of Burford Capital stock opened at $4.45 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 13.72 and a current ratio of 13.72. The stock has a market capitalization of $973.99 million, a PE ratio of -0.61, a price-to-earnings-growth ratio of 0.05 and a beta of 1.23. Burford Capital has a 52-week low of $3.59 and a 52-week high of $15.10. The company has a 50-day simple moving average of $4.74 and a two-hundred day simple moving average of $7.54.

Burford Capital Company Profile

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.