Wedbush Cuts Burford Capital (NYSE:BUR) Price Target to $6.00

Burford Capital (NYSE:BUR) had its price target trimmed by Wedbush from $13.00 to $6.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research analysts also recently commented on the company. Bank of America began coverage on Burford Capital in a report on Wednesday, February 18th. They issued a “buy” rating on the stock. Wall Street Zen lowered shares of Burford Capital from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Burford Capital in a report on Friday. Finally, Zacks Research cut Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Burford Capital currently has an average rating of “Hold” and a consensus target price of $12.00.

Burford Capital Stock Performance

NYSE BUR traded up $0.11 during trading on Friday, hitting $4.25. The company’s stock had a trading volume of 8,674,104 shares, compared to its average volume of 2,517,739. 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. The firm has a market cap of $929.22 million, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 0.11 and a beta of 0.66. The firm has a 50 day moving average price of $8.81 and a 200 day moving average price of $9.67.

Burford Capital (NYSE:BUR) last released its earnings results on Thursday, February 26th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.54). Burford Capital had a net margin of 15.14% and a return on equity of 1.97%. The company had revenue of $48.78 million during the quarter, compared to the consensus estimate of $168.30 million. Equities research analysts forecast that Burford Capital will post 1.28 earnings per share for the current fiscal year.

Burford Capital Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a dividend of $0.0625 per share. This represents a yield of 147.0%. The ex-dividend date of this dividend is Friday, May 22nd. Burford Capital’s dividend payout ratio is presently 44.44%.

Institutional Investors Weigh In On Burford Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of BUR. Mercer Global Advisors Inc. ADV bought a new position in shares of Burford Capital in the 4th quarter valued at about $157,000. XTX Topco Ltd bought a new stake in Burford Capital during the fourth quarter worth about $255,000. Voloridge Investment Management LLC acquired a new position in Burford Capital during the fourth quarter valued at approximately $5,587,000. Claar Advisors LLC grew its stake in Burford Capital by 14.8% in the fourth quarter. Claar Advisors LLC now owns 839,745 shares of the company’s stock valued at $7,491,000 after purchasing an additional 108,307 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Burford Capital during the 4th quarter worth approximately $11,316,000.

Burford Capital News Summary

Here are the key news stories impacting Burford Capital this week:

• Positive Sentiment: Wedbush kept an “outperform” stance while cutting its price target from $13 to $6, signaling the firm still sees upside despite the hit to Burford’s YPF exposure. Wedbush cuts PT to $6 but retains outperform
• Neutral Sentiment: Earlier Wedbush reaffirmed a “neutral” rating with a $4.75 target (a lower, more cautious view than the outperform note), reflecting near-term uncertainty and mixed analyst perspectives. Wedbush reaffirms neutral $4.75 target
• Neutral Sentiment: Burford published a further statement on the YPF appeal decision, aiming to clarify next steps and investor questions; management commentary may reduce uncertainty but does not change the court outcome. Burford further statement on YPF appeal
• Neutral Sentiment: General company information pages (e.g., dividend history) remain available but are secondary to the litigation outcome for near-term share moves. Burford dividends (Benzinga)
• Negative Sentiment: Berenberg sharply lowered its target after the US court reversal, reflecting increased downside risk from the loss of the YPF award. Berenberg slashes target after court reversal
• Negative Sentiment: The US Court of Appeals for the Second Circuit overturned the YPF judgment against Argentina — the direct legal event that removed a significant expected recovery and is the primary driver of the recent sell-off. US appeals court overturns YPF judgement
• Negative Sentiment: News coverage reports Burford shares plunged more than 40% on the ruling, illustrating market re-pricing of litigation assets and uncertainty about recoverable value. Burford shares plunge after YPF reversal
• Negative Sentiment: Shares hit a new 52-week low amid the sell-off, underscoring the immediate market impact and higher perceived risk. Burford hits new 52-week low

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.