Burford Capital Limited (NYSE:BUR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Burford Capital Limited (NYSE:BUR – Get Free Report) have been given an average rating of “Hold” by the six research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $9.33.

Several research firms recently commented on BUR. Weiss Ratings restated a “sell (d-)” rating on shares of Burford Capital in a research note on Friday, August 7th. Zacks Research downgraded shares of Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded Burford Capital from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th.

Read Our Latest Analysis on BUR

Hedge Funds Weigh In On Burford Capital

Several hedge funds and other institutional investors have recently made changes to their positions in BUR. XP Advisory US Inc. acquired a new position in Burford Capital during the second quarter worth about $31,000. Sequoia Financial Advisors LLC acquired a new position in Burford Capital during the 2nd quarter worth approximately $44,000. Waverly Advisors LLC bought a new position in Burford Capital in the 2nd quarter valued at approximately $46,000. Allworth Financial LP increased its holdings in shares of Burford Capital by 1,747.4% during the second quarter. Allworth Financial LP now owns 11,306 shares of the company’s stock worth $46,000 after buying an additional 10,694 shares in the last quarter. Finally, HB Wealth Management LLC bought a new position in shares of Burford Capital in the 2nd quarter valued at $65,000.

Burford Capital Price Performance

Shares of BUR opened at $3.50 on Thursday. The company’s 50-day moving average is $4.15 and its 200-day moving average is $4.46. The company has a debt-to-equity ratio of 1.64, a current ratio of 9.56 and a quick ratio of 9.56. The firm has a market capitalization of $767.43 million, a PE ratio of -0.45, a PEG ratio of 0.06 and a beta of 1.25. Burford Capital has a fifty-two week low of $3.47 and a fifty-two week high of $11.70.

Burford Capital (NYSE:BUR – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). During the same quarter in the previous year, the company earned $0.39 EPS. Equities analysts forecast that Burford Capital will post 1.55 EPS for the current year.

About Burford Capital

(Get Free Report)

Burford Capital is a global legal finance and asset management firm that provides capital to support commercial litigation, arbitration and other legal claims. Its financing can help companies and law firms cover legal expenses, monetize expected recoveries or manage the financial risk associated with lengthy disputes.

The company also provides services related to litigation risk management, legal asset monetization and post-settlement or judgment recovery. Burford generally evaluates the underlying legal claims and potential recoveries when structuring investments, and its capital may be provided on an individual-case or portfolio basis.

Founded in 2009, Burford serves clients and legal counterparties involved in disputes across major international jurisdictions.

Further Reading

Analyst Recommendations for Burford Capital (NYSE:BUR)

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