Wall Street Zen upgraded shares of Burford Capital (NYSE:BUR – Free Report) from a strong sell rating to a sell rating in a report released on Saturday.
A number of other equities research analysts have also weighed in on the company. Wedbush lifted their price objective on Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a report on Monday, May 11th. B. Riley Financial reissued a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Zacks Research raised Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft downgraded Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research note on Monday, May 11th. Finally, Weiss Ratings lowered Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.33.
Read Our Latest Stock Report on Burford Capital
Burford Capital Stock Down 2.9%
Burford Capital (NYSE:BUR – Get Free Report) last issued its 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). The firm had revenue of $110.68 million during the quarter, compared to analysts’ expectations of $103.08 million. Burford Capital had a net margin of 15.14% and a return on equity of 10.24%. During the same period in the previous year, the firm earned $0.39 EPS. As a group, analysts expect that Burford Capital will post 2.13 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in shares of Burford Capital by 1,687.7% during the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock worth $26,000 after acquiring an additional 2,751 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in Burford Capital in the 4th quarter valued at approximately $53,000. Strs Ohio purchased a new position in Burford Capital in the 1st quarter valued at approximately $55,000. Insigneo Advisory Services LLC acquired a new position in Burford Capital during the fourth quarter worth $93,000. Finally, Equitable Holdings Inc. purchased a new stake in Burford Capital during the fourth quarter worth $94,000.
About Burford Capital
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.
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