Burford Capital (NYSE:BUR) Stock Price Down 5.6% – Here’s Why

Burford Capital Limited (NYSE:BUR)’s stock price was down 5.6% during trading on Wednesday . The company traded as low as $3.98 and last traded at $3.9450. Approximately 720,318 shares changed hands during trading, a decline of 73% from the average session volume of 2,629,801 shares. The stock had previously closed at $4.18.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BUR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Burford Capital in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Burford Capital from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Zacks Research cut shares of Burford Capital from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.33.

Burford Capital Trading Down 6.8%

The stock has a market cap of $855.26 million, a PE ratio of -0.51, a price-to-earnings-growth ratio of 0.08 and a beta of 1.25. The stock has a 50-day moving average price of $4.26 and a two-hundred day moving average price of $4.96. The company has a debt-to-equity ratio of 1.64, a current ratio of 9.56 and a quick ratio of 9.56.

Burford Capital (NYSE:BUR) last posted its earnings results 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). Burford Capital had a return on equity of 10.24% and a net margin of 15.14%.During the same quarter in the prior year, the company earned $0.39 earnings per share. Sell-side analysts forecast that Burford Capital Limited will post 1.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XP Advisory US Inc. acquired a new position in shares of Burford Capital in the second quarter valued at about $31,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Burford Capital during the 2nd quarter valued at about $44,000. Waverly Advisors LLC purchased a new stake in shares of Burford Capital in the second quarter valued at approximately $46,000. Allworth Financial LP raised its position in Burford Capital by 1,747.4% during the second quarter. Allworth Financial LP now owns 11,306 shares of the company’s stock worth $46,000 after acquiring an additional 10,694 shares during the period. Finally, HB Wealth Management LLC acquired a new position in shares of Burford Capital during the 2nd quarter worth about $65,000.

About Burford Capital

Burford Capital Limited (NYSE: BUR) is a global finance and asset management firm focused on the legal sector. The company provides capital to corporations, law firms and other organizations involved in commercial litigation, arbitration and other legal claims, allowing clients to fund legal expenses or monetize the potential value of legal assets without relying solely on their own balance sheets.

Burford’s services include financing individual legal matters, portfolios of claims and law firm receivables, as well as providing capital for post-settlement recoveries, insolvency proceedings and complex legal-risk transactions.