Burford Capital (NYSE:BUR) Sets New 52-Week Low – Here’s Why

Burford Capital Limited (NYSE:BUR)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $8.12 and last traded at $8.6050, with a volume of 790920 shares. The stock had previously closed at $9.58.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. B. Riley Financial reaffirmed a “buy” rating and issued a $18.00 price target (down from $20.00) on shares of Burford Capital in a research report on Tuesday, November 11th. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen downgraded shares of Burford Capital from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Burford Capital in a research report on Monday, December 29th. Finally, Wedbush began coverage on shares of Burford Capital in a report on Friday, February 20th. They issued an “outperform” rating and a $14.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Burford Capital presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Burford Capital Trading Down 11.0%

The company has a debt-to-equity ratio of 0.67, a current ratio of 14.99 and a quick ratio of 14.99. The stock’s 50-day moving average is $9.39 and its two-hundred day moving average is $10.56. The company has a market cap of $1.87 billion, a P/E ratio of 22.41, a P/E/G ratio of 0.17 and a beta of 0.58.

Institutional Trading of Burford Capital

Several large investors have recently modified their holdings of BUR. Signaturefd LLC increased its position in Burford Capital by 1,687.7% during the fourth quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after acquiring an additional 2,751 shares during the last quarter. CWM LLC increased its position in shares of Burford Capital by 131.3% during the 2nd quarter. CWM LLC now owns 3,625 shares of the company’s stock valued at $52,000 after purchasing an additional 2,058 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Burford Capital during the 4th quarter valued at about $53,000. Strs Ohio bought a new position in shares of Burford Capital in the 1st quarter worth approximately $55,000. Finally, KBC Group NV purchased a new position in shares of Burford Capital in the second quarter worth approximately $70,000.

Burford Capital Company Profile

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.