Wedbush Reiterates Neutral Rating for Burford Capital (NYSE:BUR)

Burford Capital (NYSE:BUR)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a report issued on Monday. They currently have a $4.75 price objective on the stock. Wedbush’s target price points to a potential upside of 16.59% from the company’s previous close.

BUR has been the subject of a number of other research reports. Zacks Research cut shares of Burford Capital from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Burford Capital in a report on Friday. Wall Street Zen cut shares of Burford Capital from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Finally, Bank of America started coverage on shares of Burford Capital in a research note on Wednesday, February 18th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.38.

Burford Capital Stock Performance

NYSE BUR opened at $4.07 on Monday. The company has a market cap of $891.79 million, a P/E ratio of 15.09, a P/E/G ratio of 0.11 and a beta of 0.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 10.93 and a quick ratio of 10.93. The stock has a 50-day moving average of $8.81 and a two-hundred day moving average of $9.67. Burford Capital has a 1-year low of $3.59 and a 1-year high of $15.10.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.54). The business had revenue of $48.78 million for the quarter, compared to analysts’ expectations of $168.30 million. Burford Capital had a return on equity of 1.97% and a net margin of 15.14%. As a group, analysts anticipate that Burford Capital will post 1.28 EPS for the current year.

Institutional Trading of Burford Capital

A number of large investors have recently made changes to their positions in BUR. Orbis Allan Gray Ltd lifted its stake in Burford Capital by 31.1% in the fourth quarter. Orbis Allan Gray Ltd now owns 12,051,544 shares of the company’s stock worth $107,500,000 after acquiring an additional 2,859,722 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Burford Capital by 2.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 9,418,521 shares of the company’s stock worth $107,170,000 after acquiring an additional 229,979 shares in the last quarter. Bank of Montreal Can increased its position in shares of Burford Capital by 24.8% in the 4th quarter. Bank of Montreal Can now owns 6,779,231 shares of the company’s stock valued at $60,471,000 after purchasing an additional 1,346,663 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Burford Capital by 34.3% in the 2nd quarter. Invesco Ltd. now owns 6,078,537 shares of the company’s stock valued at $86,680,000 after purchasing an additional 1,551,357 shares in the last quarter. Finally, Cooke & Bieler LP raised its holdings in shares of Burford Capital by 31.0% in the 4th quarter. Cooke & Bieler LP now owns 5,194,551 shares of the company’s stock valued at $46,335,000 after purchasing an additional 1,228,328 shares in the last quarter.

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.