Burford Capital Limited (NYSE:BUR) Given Average Recommendation of “Hold” by Analysts

Shares of Burford Capital Limited (NYSE:BUR) have been given a consensus rating of “Hold” by the six ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $9.3333.

Several equities analysts have commented on BUR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Burford Capital in a report on Friday, August 7th. Wall Street Zen raised shares of Burford Capital from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a report on Monday, May 11th. B. Riley Financial reissued a “buy” rating on shares of Burford Capital in a research report on Thursday, May 14th. Finally, Wedbush lifted their price objective on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th.

Burford Capital Trading Up 0.9%

Burford Capital stock opened at $4.34 on Friday. The company has a market capitalization of $952.98 million, a price-to-earnings ratio of -0.56, a PEG ratio of 0.05 and a beta of 1.25. The company’s fifty day moving average price is $4.24 and its two-hundred day moving average price is $5.24. Burford Capital has a one year low of $3.59 and a one year high of $13.58. 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 issued 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). Burford Capital had a net margin of 15.14% and a return on equity of 10.24%. During the same period in the prior year, the company earned $0.39 earnings per share. On average, analysts forecast that Burford Capital will post 2.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Burford Capital

Several hedge funds have recently modified their holdings of the business. Corient Private Wealth LP increased its position in Burford Capital by 62.4% during the second quarter. Corient Private Wealth LP now owns 56,756 shares of the company’s stock worth $233,000 after acquiring an additional 21,797 shares during the period. California State Teachers Retirement System increased its holdings in shares of Burford Capital by 386.7% during the 2nd quarter. California State Teachers Retirement System now owns 895,174 shares of the company’s stock worth $3,670,000 after purchasing an additional 711,263 shares during the period. HB Wealth Management LLC acquired a new position in shares of Burford Capital during the second quarter valued at about $65,000. XP Advisory US Inc. bought a new stake in shares of Burford Capital in the second quarter valued at about $31,000. Finally, Odyssean LLC acquired a new stake in Burford Capital during the second quarter worth about $2,512,000.

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.