Burford Capital (NYSE:BUR) Stock Rating Upgraded by Zacks Research

Burford Capital (NYSE:BUR) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Wall Street Zen cut Burford Capital from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. B. Riley reissued a “buy” rating and issued a $18.00 price target (down from $20.00) on shares of Burford Capital in a report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Burford Capital in a research report on Monday, December 29th. Two investment 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 an average rating of “Hold” and an average price target of $18.00.

Burford Capital Trading Up 2.0%

NYSE:BUR opened at $9.30 on Monday. The firm has a fifty day simple moving average of $9.13 and a 200-day simple moving average of $11.52. Burford Capital has a 12 month low of $8.19 and a 12 month high of $15.73. The company has a current ratio of 14.99, a quick ratio of 14.99 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $2.03 billion, a P/E ratio of 24.46, a PEG ratio of 0.16 and a beta of 0.59.

Burford Capital (NYSE:BUR) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.39). The business had revenue of $69.80 million during the quarter, compared to analysts’ expectations of $136.03 million. Burford Capital had a net margin of 18.42% and a return on equity of 2.71%. On average, equities research analysts anticipate that Burford Capital will post 1.28 earnings per share for the current year.

Institutional Investors Weigh In On Burford Capital

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of Burford Capital by 131.3% in the second 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 period. Strs Ohio acquired a new stake in shares of Burford Capital in the first quarter valued at about $55,000. KBC Group NV purchased a new stake in shares of Burford Capital in the second quarter valued at about $70,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Burford Capital in the 3rd quarter valued at $120,000. Finally, State of Alaska Department of Revenue acquired a new position in Burford Capital during the 3rd quarter worth $124,000.

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.