Burford Capital’s (BUR) Buy Rating Reiterated at B. Riley

Burford Capital (NYSE:BUR)‘s stock had its “buy” rating reiterated by research analysts at B. Riley in a report released on Tuesday,Benzinga reports. They presently have a $18.00 price target on the stock, down from their prior price target of $20.00. B. Riley’s price target suggests a potential upside of 98.57% from the company’s current price.

Other equities research analysts have also issued reports about the company. Zacks Research lowered Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Friday. Weiss Ratings cut shares of Burford Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Wedbush reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Burford Capital in a research note on Thursday, August 14th. Finally, Wall Street Zen lowered Burford Capital from a “hold” rating to a “sell” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.00.

Burford Capital Stock Performance

Shares of BUR stock traded up $0.09 during trading hours on Tuesday, reaching $9.07. The company had a trading volume of 1,134,984 shares, compared to its average volume of 1,520,964. 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 has a one year low of $8.76 and a one year high of $15.73. The firm has a market cap of $1.98 billion, a PE ratio of 8.38 and a beta of 0.56. The business has a fifty day moving average price of $11.52 and a 200-day moving average price of $12.71.

Burford Capital (NYSE:BUR) last announced its earnings results on Wednesday, November 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.39). The company had revenue of $174.85 million for the quarter, compared to analysts’ expectations of $136.03 million. Burford Capital had a net margin of 37.08% and a return on equity of 7.48%. Sell-side analysts predict that Burford Capital will post 1.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BUR. Ridgewood Investments LLC purchased a new position in Burford Capital during the first quarter valued at approximately $26,000. CWM LLC raised its stake in Burford Capital by 131.3% in the second quarter. CWM LLC now owns 3,625 shares of the company’s stock valued at $52,000 after buying an additional 2,058 shares during the last quarter. Strs Ohio acquired a new stake in Burford Capital in the first quarter worth about $55,000. KBC Group NV purchased a new stake in shares of Burford Capital during the second quarter worth about $70,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Burford Capital during the third quarter worth about $120,000.

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.