Burford Capital (NYSE:BUR) Shares Gap Up – Time to Buy?

Shares of Burford Capital Limited (NYSE:BUR) gapped up prior to trading on Monday. The stock had previously closed at $3.64, but opened at $3.89. Burford Capital shares last traded at $3.9050, with a volume of 361,389 shares.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen raised shares of Burford Capital from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Burford Capital in a report on Friday, August 7th. Finally, Zacks Research downgraded Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Burford Capital presently has a consensus rating of “Hold” and a consensus target price of $9.33.

Burford Capital Price Performance

The firm has a market cap of $886.01 million, a P/E ratio of -0.52, a PEG ratio of 0.06 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a current ratio of 9.56 and a quick ratio of 9.56. The stock’s 50-day simple moving average is $4.22 and its two-hundred day simple moving average is $4.70.

Burford Capital (NYSE:BUR) last released its earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business posted $0.39 earnings per share. Equities research analysts forecast that Burford Capital Limited will post 1.55 earnings per share for the current fiscal year.

Institutional Trading of Burford Capital

Institutional investors have recently added to or reduced their stakes in the company. IKE Capital LLC purchased a new position in shares of Burford Capital during the second quarter valued at approximately $90,000. Sequoia Financial Advisors LLC bought a new position in shares of Burford Capital during the second quarter valued at approximately $44,000. Solas Capital Management LLC raised its holdings in shares of Burford Capital by 23.4% in the second quarter. Solas Capital Management LLC now owns 1,210,944 shares of the company’s stock worth $4,965,000 after buying an additional 230,000 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Burford Capital in the second quarter worth approximately $65,000. Finally, Mraz Amerine & Associates Inc. lifted its stake in shares of Burford Capital by 23.3% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 573,603 shares of the company’s stock worth $2,352,000 after acquiring an additional 108,330 shares during the last quarter.

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.