Burford Capital Limited (NYSE:BUR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Burford Capital Limited (NYSE:BUR) have received a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $9.3333.

Several equities research analysts have weighed in on BUR shares. 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 report on Monday, May 11th. B. Riley Financial reissued a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Wall Street Zen upgraded Burford Capital from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Burford Capital in a report on Friday, August 7th. Finally, Zacks Research cut Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th.

Hedge Funds Weigh In On Burford Capital

Several institutional investors have recently made changes to their positions in BUR. Central Pacific Bank Trust Division raised its holdings in Burford Capital by 64.5% in the 2nd quarter. Central Pacific Bank Trust Division now owns 41,163 shares of the company’s stock worth $169,000 after purchasing an additional 16,135 shares during the period. Amundi grew its holdings in Burford Capital by 16.7% in the first quarter. Amundi now owns 334,092 shares of the company’s stock valued at $1,510,000 after purchasing an additional 47,797 shares during the period. Empowered Funds LLC increased its position in shares of Burford Capital by 6.0% in the first quarter. Empowered Funds LLC now owns 761,609 shares of the company’s stock valued at $3,442,000 after buying an additional 42,951 shares in the last quarter. London Co. of Virginia increased its position in shares of Burford Capital by 2.7% in the first quarter. London Co. of Virginia now owns 108,582 shares of the company’s stock valued at $491,000 after buying an additional 2,874 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Burford Capital by 15.2% during the 1st quarter. Renaissance Technologies LLC now owns 958,500 shares of the company’s stock worth $4,332,000 after buying an additional 126,500 shares during the period.

Burford Capital Stock Performance

Shares of NYSE BUR opened at $4.16 on Wednesday. The company has a current ratio of 9.56, a quick ratio of 9.56 and a debt-to-equity ratio of 1.64. Burford Capital has a 12 month low of $3.59 and a 12 month high of $14.14. The company has a 50 day simple moving average of $4.24 and a two-hundred day simple moving average of $5.67. The stock has a market cap of $912.35 million, a price-to-earnings ratio of -0.54, a PEG ratio of 0.05 and a beta of 1.25.

Burford Capital (NYSE:BUR) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share 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 during the quarter, compared to analyst estimates of $103.08 million. During the same quarter in the previous year, the company earned $0.39 EPS. As a group, analysts predict that Burford Capital will post 2.11 earnings per share for the current year.

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.