Burford Capital Limited (NYSE:BUR) Receives Average Rating of “Hold” from Brokerages

Burford Capital Limited (NYSE:BUR) has earned a consensus recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.3333.

BUR has been the subject of several research analyst reports. Wedbush raised their target price on shares of Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings cut shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. B. Riley Financial reiterated a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target for the company. in a research note on Monday, May 11th.

Institutional Trading of Burford Capital

A number of institutional investors and hedge funds have recently bought and sold shares of BUR. Vident Advisory LLC grew its stake in shares of Burford Capital by 4.8% in the third quarter. Vident Advisory LLC now owns 33,158 shares of the company’s stock worth $397,000 after acquiring an additional 1,514 shares during the period. GWN Securities Inc. grew its stake in shares of Burford Capital by 15.3% in the fourth quarter. GWN Securities Inc. now owns 12,697 shares of the company’s stock worth $113,000 after acquiring an additional 1,687 shares during the period. Allegheny Financial Group grew its stake in shares of Burford Capital by 17.7% in the fourth quarter. Allegheny Financial Group now owns 14,787 shares of the company’s stock worth $132,000 after acquiring an additional 2,227 shares during the period. ProShare Advisors LLC grew its stake in shares of Burford Capital by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 36,783 shares of the company’s stock worth $328,000 after acquiring an additional 2,371 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of Burford Capital by 1.4% in the third quarter. California State Teachers Retirement System now owns 187,646 shares of the company’s stock worth $2,244,000 after acquiring an additional 2,651 shares during the period.

Burford Capital Price Performance

BUR stock opened at $4.18 on Tuesday. The firm has a market cap of $914.62 million, a P/E ratio of -0.57, a P/E/G ratio of 0.05 and a beta of 1.23. The company has a debt-to-equity ratio of 1.59, a quick ratio of 13.72 and a current ratio of 13.72. The firm’s fifty day moving average is $4.58 and its 200 day moving average is $7.02. Burford Capital has a 52 week low of $3.59 and a 52 week high of $15.10.

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.