Burford Capital Limited (NYSE:BUR) Receives Average Recommendation of “Hold” from Analysts

Shares of Burford Capital Limited (NYSE:BUR) have been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $9.3333.

Several research firms recently weighed in on BUR. Deutsche Bank Aktiengesellschaft downgraded shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target for the company. in a research report on Monday, May 11th. Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Wedbush increased their target price on Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Wall Street Zen downgraded Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th.

Institutional Investors Weigh In On Burford Capital

A number of large investors have recently modified their holdings of the business. Amundi raised its position in shares of Burford Capital by 16.7% in the first quarter. Amundi now owns 334,092 shares of the company’s stock valued at $1,510,000 after buying an additional 47,797 shares during the last quarter. Empowered Funds LLC boosted its position in Burford Capital by 6.0% during the first quarter. Empowered Funds LLC now owns 761,609 shares of the company’s stock worth $3,442,000 after acquiring an additional 42,951 shares during the last quarter. London Co. of Virginia boosted its position in Burford Capital by 2.7% during the first quarter. London Co. of Virginia now owns 108,582 shares of the company’s stock worth $491,000 after acquiring an additional 2,874 shares during the last quarter. Renaissance Technologies LLC grew its stake in Burford Capital by 15.2% during the 1st quarter. Renaissance Technologies LLC now owns 958,500 shares of the company’s stock valued at $4,332,000 after acquiring an additional 126,500 shares in the last quarter. Finally, Arbiter Partners Capital Management LLC purchased a new stake in Burford Capital during the 1st quarter valued at about $122,000.

Burford Capital Stock Performance

NYSE:BUR opened at $4.50 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 $984.72 million, a PE ratio of -0.61, a P/E/G ratio of 0.05 and a beta of 1.28. Burford Capital has a fifty-two week low of $3.59 and a fifty-two week high of $15.10. The company has a fifty day moving average of $5.08 and a two-hundred day moving average of $7.69.

Burford Capital (NYSE:BUR) last announced its earnings results on Friday, February 27th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.54). The company had revenue of $48.78 million during the quarter, compared to analyst estimates of $168.30 million. Burford Capital had a net margin of 15.14% and a return on equity of 11.72%. As a group, research analysts forecast that Burford Capital will post 2.19 earnings per share for the current fiscal year.

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.