Burford Capital (NYSE:BUR) Lowered to Hold Rating by Deutsche Bank Aktiengesellschaft

Burford Capital (NYSE:BUR) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $5.00 target price on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 3.01% from the stock’s current price.

BUR has been the topic of a number of other research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Burford Capital in a research report on Friday, March 27th. Bank of America assumed coverage on Burford Capital in a research report on Wednesday, February 18th. They issued a “buy” rating on the stock. Zacks Research cut shares of Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, Wedbush lifted their target price on shares of Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Burford Capital presently has an average rating of “Hold” and a consensus price target of $9.33.

Burford Capital Price Performance

Shares of NYSE BUR opened at $5.16 on Monday. The business’s 50 day moving average price is $6.20 and its 200 day moving average price is $8.27. The firm has a market cap of $1.13 billion, a P/E ratio of -0.70 and a beta of 1.28. Burford Capital has a 52 week low of $3.59 and a 52 week high of $15.10. The company has a quick ratio of 10.93, a current ratio of 10.93 and a debt-to-equity ratio of 0.68.

Burford Capital (NYSE:BUR) last issued its earnings results on Friday, February 27th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.54). The firm had revenue of $48.78 million during the quarter, compared to analysts’ expectations of $168.30 million. Burford Capital had a net margin of 15.14% and a return on equity of 10.19%. On average, sell-side analysts expect that Burford Capital will post -0.67 earnings per share for the current year.

Hedge Funds Weigh In On Burford Capital

Several institutional investors have recently made changes to their positions in the company. KBC Group NV increased its holdings in shares of Burford Capital by 8,916.0% during the 1st quarter. KBC Group NV now owns 640,497 shares of the company’s stock valued at $2,895,000 after purchasing an additional 633,393 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Burford Capital in the 1st quarter valued at $1,626,000. Y Intercept Hong Kong Ltd grew its stake in Burford Capital by 181.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 217,931 shares of the company’s stock valued at $985,000 after acquiring an additional 140,595 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Burford Capital in the 1st quarter valued at $2,226,000. Finally, Wasatch Advisors LP acquired a new stake in Burford Capital in the 1st quarter valued at $98,000.

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.