Burford Capital (NYSE:BUR) Earns “Buy (B-)” Rating from Weiss Ratings

Burford Capital (NYSE:BUR)‘s stock had its “buy (b-)” rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

BUR has been the subject of several other reports. Wall Street Zen downgraded Burford Capital from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Wedbush reissued an “outperform” rating and issued a $18.00 target price on shares of Burford Capital in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Burford Capital currently has an average rating of “Buy” and an average price target of $18.00.

Burford Capital Stock Performance

Shares of BUR stock opened at $11.55 on Wednesday. Burford Capital has a 52 week low of $10.70 and a 52 week high of $15.73. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 10.69 and a beta of 0.58. The company has a 50-day simple moving average of $12.92 and a 200 day simple moving average of $13.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 10.09 and a current ratio of 10.09.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. Burford Capital had a net margin of 37.08% and a return on equity of 7.48%. The firm had revenue of $191.29 million during the quarter, compared to the consensus estimate of $159.02 million. On average, sell-side analysts predict that Burford Capital will post 1.28 earnings per share for the current year.

Institutional Investors Weigh In On Burford Capital

Several institutional investors and hedge funds have recently bought and sold shares of BUR. Millennium Management LLC bought a new position in Burford Capital in the 4th quarter valued at about $273,000. Farther Finance Advisors LLC acquired a new stake in shares of Burford Capital during the 1st quarter worth approximately $197,000. Emeth Value Capital LLC increased its stake in Burford Capital by 4.4% in the first quarter. Emeth Value Capital LLC now owns 1,472,536 shares of the company’s stock valued at $19,452,000 after acquiring an additional 62,374 shares during the last quarter. Summit Trail Advisors LLC acquired a new position in Burford Capital during the first quarter valued at approximately $338,000. Finally, Principal Financial Group Inc. raised its position in Burford Capital by 20.0% during the first quarter. Principal Financial Group Inc. now owns 13,283 shares of the company’s stock valued at $175,000 after purchasing an additional 2,214 shares in the last quarter.

About Burford Capital

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.