Odyssean LLC Acquires New Stake in Burford Capital Limited $BUR

Odyssean LLC acquired a new stake in shares of Burford Capital Limited (NYSE:BUR) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 612,720 shares of the company’s stock, valued at approximately $2,512,000.

Other large investors have also bought and sold shares of the company. Strs Ohio bought a new stake in shares of Burford Capital in the first quarter valued at $55,000. Quadrant Capital Group LLC purchased a new position in shares of Burford Capital during the 4th quarter valued at $53,000. Insigneo Advisory Services LLC bought a new position in shares of Burford Capital during the 4th quarter worth $93,000. Equitable Holdings Inc. bought a new position in shares of Burford Capital during the 4th quarter worth $94,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Burford Capital during the 3rd quarter worth $128,000.

Burford Capital Price Performance

Shares of NYSE BUR opened at $4.43 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 9.56 and a current ratio of 9.56. Burford Capital Limited has a fifty-two week low of $3.59 and a fifty-two week high of $14.05. The stock has a market cap of $973.62 million, a PE ratio of -0.58, a price-to-earnings-growth ratio of 0.05 and a beta of 1.25. The stock has a fifty day moving average of $4.24 and a 200-day moving average of $5.49.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The company had revenue of $110.68 million for the quarter, compared to analysts’ expectations of $103.08 million. Burford Capital had a return on equity of 10.24% and a net margin of 15.14%.During the same period last year, the company posted $0.39 EPS. Equities research analysts anticipate that Burford Capital Limited will post 2.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BUR shares. Zacks Research cut Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. B. Riley Financial reiterated a “buy” rating on shares of Burford Capital in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 target price for the company. in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Burford Capital in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Burford Capital from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.33.

Burford Capital 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.