Burford Capital (NYSE:BUR) Reaches New 52-Week Low – What’s Next?

Burford Capital Limited (NYSE:BUR) shares reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $3.26 and last traded at $3.2850, with a volume of 2,625,429 shares traded. The stock had previously closed at $3.44.

Analysts Set New Price Targets

Several brokerages recently commented on BUR. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Burford Capital in a research note on Friday, August 7th. Finally, Wall Street Zen raised shares of Burford Capital from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.33.

Burford Capital Stock Performance

The company has a market capitalization of $721.32 million, a PE ratio of -0.43, a price-to-earnings-growth ratio of 0.06 and a beta of 1.25. The business’s fifty day moving average is $4.07 and its two-hundred day moving average is $4.30. The company has a current ratio of 9.56, a quick ratio of 9.56 and a debt-to-equity ratio of 1.64.

Burford Capital (NYSE:BUR) last released its quarterly earnings data 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). During the same quarter last year, the company earned $0.39 earnings per share. Equities research analysts predict that Burford Capital Limited will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Solas Capital Management LLC lifted its holdings in shares of Burford Capital by 23.4% during the second quarter. Solas Capital Management LLC now owns 1,210,944 shares of the company’s stock valued at $4,965,000 after purchasing an additional 230,000 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Burford Capital by 15.2% during the first quarter. Renaissance Technologies LLC now owns 958,500 shares of the company’s stock valued at $4,332,000 after buying an additional 126,500 shares during the last quarter. Claar Advisors LLC boosted its position in shares of Burford Capital by 14.8% during the fourth quarter. Claar Advisors LLC now owns 839,745 shares of the company’s stock valued at $7,491,000 after buying an additional 108,307 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Burford Capital by 6.0% during the first quarter. Empowered Funds LLC now owns 761,609 shares of the company’s stock valued at $3,442,000 after buying an additional 42,951 shares during the last quarter. Finally, KBC Group NV increased its holdings in Burford Capital by 8,916.0% in the 1st quarter. KBC Group NV now owns 640,497 shares of the company’s stock worth $2,895,000 after buying an additional 633,393 shares in the last quarter.

Burford Capital Company Profile

Burford Capital is a global legal finance and asset management firm that provides capital to support commercial litigation, arbitration and other legal claims. Its financing can help companies and law firms cover legal expenses, monetize expected recoveries or manage the financial risk associated with lengthy disputes.

The company also provides services related to litigation risk management, legal asset monetization and post-settlement or judgment recovery. Burford generally evaluates the underlying legal claims and potential recoveries when structuring investments, and its capital may be provided on an individual-case or portfolio basis.

Founded in 2009, Burford serves clients and legal counterparties involved in disputes across major international jurisdictions.