Burford Capital (NYSE:BUR) Raised to Strong-Buy at B. Riley

Burford Capital (NYSE:BUR) was upgraded by investment analysts at B. Riley to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on BUR. Wedbush restated an “outperform” rating and set a $18.00 target price on shares of Burford Capital in a research note on Thursday, August 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Burford Capital in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Burford Capital from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Burford Capital presently has a consensus rating of “Buy” and an average price target of $18.00.

Burford Capital Price Performance

BUR stock opened at $10.90 on Thursday. The business has a 50 day moving average price of $12.77 and a 200 day moving average price of $13.06. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 10.09 and a beta of 0.58. Burford Capital has a fifty-two week low of $10.70 and a fifty-two week high of $15.73. The company has a quick ratio of 10.09, a current ratio of 10.09 and a debt-to-equity ratio of 0.55.

Burford Capital (NYSE:BUR) last posted its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. The firm had revenue of $191.29 million during the quarter, compared to analysts’ expectations of $159.02 million. Burford Capital had a return on equity of 7.48% and a net margin of 37.08%. Equities research analysts anticipate that Burford Capital will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Burford Capital

Large investors have recently modified their holdings of the stock. Ridgewood Investments LLC purchased a new stake in shares of Burford Capital during the first quarter worth approximately $26,000. CWM LLC grew its holdings in Burford Capital by 131.3% during the second quarter. CWM LLC now owns 3,625 shares of the company’s stock worth $52,000 after acquiring an additional 2,058 shares during the period. Strs Ohio acquired a new position in Burford Capital during the first quarter worth $55,000. KBC Group NV acquired a new position in Burford Capital during the second quarter worth $70,000. Finally, Ieq Capital LLC acquired a new position in Burford Capital during the first quarter worth $132,000.

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.