Zacks Research downgraded shares of Burford Capital (NYSE:BUR – Free Report) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks.com reports.
Several other research analysts have also issued reports on BUR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Burford Capital in a research report on Friday. Wedbush increased their price target on Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. B. Riley Financial restated a “buy” rating on shares of Burford Capital in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft lowered Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded Burford Capital from a “strong sell” rating to a “sell” rating in a report on Saturday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.33.
Check Out Our Latest Stock Analysis on Burford Capital
Burford Capital Trading Up 1.3%
Burford Capital (NYSE:BUR – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). Burford Capital had a return on equity of 10.24% and a net margin of 15.14%.The business had revenue of $110.68 million for the quarter, compared to analyst estimates of $103.08 million. During the same quarter last year, the firm posted $0.39 EPS. As a group, equities analysts forecast that Burford Capital will post 2.11 EPS for the current year.
Institutional Trading of Burford Capital
Institutional investors have recently bought and sold shares of the company. Signaturefd LLC grew its holdings in 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 during the period. Quadrant Capital Group LLC bought a new position in shares of Burford Capital in the 4th quarter worth about $53,000. Strs Ohio acquired a new position in shares of Burford Capital in the 1st quarter valued at about $55,000. Insigneo Advisory Services LLC acquired a new position in shares of Burford Capital in the 4th quarter valued at about $93,000. Finally, Equitable Holdings Inc. bought a new stake in shares of Burford Capital during the 4th quarter valued at about $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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