Burford Capital Limited (NYSE:BUR) Stock Rated “Hold” by Sell-Side Brokerages

Burford Capital Limited (NYSE:BUR) has earned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $9.33.

Several analysts recently commented on BUR shares. Zacks Research lowered Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Wall Street Zen raised Burford Capital from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Burford Capital in a research note on Friday, August 7th.

Burford Capital Stock Up 0.2%

Shares of BUR opened at $3.91 on Thursday. The company has a quick ratio of 9.56, a current ratio of 9.56 and a debt-to-equity ratio of 1.64. The company has a 50-day moving average price of $4.21 and a two-hundred day moving average price of $4.62. The stock has a market cap of $857.90 million, a price-to-earnings ratio of -0.51, a P/E/G ratio of 0.07 and a beta of 1.25. Burford Capital has a 12 month low of $3.57 and a 12 month high of $12.07.

Burford Capital (NYSE:BUR) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). Burford Capital had a net margin of 15.14% and a return on equity of 10.24%. During the same period in the prior year, the business earned $0.39 earnings per share. Equities analysts predict that Burford Capital will post 1.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BUR. Langdon Equity Partners bought a new stake in shares of Burford Capital during the fourth quarter worth $19,661,000. KBC Group NV lifted its stake in shares of Burford Capital by 8,916.0% during the first quarter. KBC Group NV now owns 640,497 shares of the company’s stock valued at $2,895,000 after acquiring an additional 633,393 shares during the period. Odyssean LLC bought a new position in Burford Capital in the second quarter valued at about $2,512,000. Cibc World Market Inc. bought a new position in Burford Capital in the fourth quarter valued at about $4,467,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Burford Capital in the first quarter worth about $2,226,000.

About Burford Capital

Burford Capital Limited (NYSE: BUR) is a global finance and asset management firm focused on the legal sector. The company provides capital to corporations, law firms and other organizations involved in commercial litigation, arbitration and other legal claims, allowing clients to fund legal expenses or monetize the potential value of legal assets without relying solely on their own balance sheets.

Burford’s services include financing individual legal matters, portfolios of claims and law firm receivables, as well as providing capital for post-settlement recoveries, insolvency proceedings and complex legal-risk transactions.