Burford Capital (NYSE:BUR – Get Free Report)‘s stock had its “neutral” rating restated by Wedbush in a research note issued to investors on Thursday, Benzinga reports. They presently have a $3.65 price target on the stock. Wedbush’s price objective points to a potential upside of 20.26% from the stock’s current price.
A number of other analysts have also issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Burford Capital in a research note on Friday, August 7th. Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Finally, Wall Street Zen upgraded shares of Burford Capital from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Burford Capital presently has an average rating of “Hold” and an average target price of $8.88.
Get Our Latest Stock Analysis on BUR
Burford Capital Price Performance
Shares of NYSE BUR opened at $3.04 on Thursday. Burford Capital has a fifty-two week low of $2.86 and a fifty-two week high of $11.35. The company has a debt-to-equity ratio of 1.64, a quick ratio of 9.56 and a current ratio of 9.56. The firm’s 50-day simple moving average is $3.95 and its 200 day simple moving average is $4.27. The stock has a market cap of $666.43 million, a price-to-earnings ratio of -0.39 and a beta of 1.25.
Burford Capital (NYSE:BUR – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). During the same quarter in the previous year, the firm posted $0.39 EPS. As a group, research analysts anticipate that Burford Capital will post 1.55 earnings per share for the current fiscal year.
Institutional Trading of Burford Capital
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BUR. Abel Hall LLC purchased a new position in shares of Burford Capital during the third quarter valued at $67,000. Farther Finance Advisors LLC grew its holdings in Burford Capital by 7.3% in the third quarter. Farther Finance Advisors LLC now owns 57,722 shares of the company’s stock worth $226,000 after purchasing an additional 3,950 shares during the last quarter. IKE Capital LLC acquired a new position in Burford Capital during the 2nd quarter valued at about $90,000. Sequoia Financial Advisors LLC acquired a new position in shares of Burford Capital during the second quarter valued at about $44,000. Finally, Solas Capital Management LLC increased its stake in Burford Capital by 23.4% during the 2nd quarter. Solas Capital Management LLC now owns 1,210,944 shares of the company’s stock valued at $4,965,000 after purchasing an additional 230,000 shares in the last quarter.
Burford Capital Company Profile
Burford Capital Limited (NYSE: BUR) is a global legal finance and asset management firm. The company provides capital to businesses and law firms involved in commercial litigation and arbitration, allowing clients to finance legal expenses, manage risk, or access the potential value of legal claims and judgments without relying solely on their balance sheets.
Its services include single-case and portfolio litigation finance, post-settlement and judgment monetization, legal asset management, and corporate legal finance.
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