Burford Capital (NYSE:BUR) Shares Down 6.6% – What’s Next?

Burford Capital Limited (NYSE:BUR)’s stock price fell 6.6% during mid-day trading on Monday . The stock traded as low as $3.92 and last traded at $3.9150. Approximately 1,431,405 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 3,032,383 shares. The stock had previously closed at $4.19.

Analysts Set New Price Targets

BUR has been the topic of a number of recent analyst reports. Wedbush boosted their price target on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Wall Street Zen lowered Burford Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Deutsche Bank Aktiengesellschaft cut Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research note on Monday, May 11th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Burford Capital has an average rating of “Hold” and an average target price of $9.33.

Burford Capital Stock Performance

The company’s fifty day simple moving average is $4.58 and its two-hundred day simple moving average is $7.00. 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 stock has a market capitalization of $866.42 million, a P/E ratio of -0.54, a PEG ratio of 0.05 and a beta of 1.23.

Hedge Funds Weigh In On Burford Capital

Large investors have recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Burford Capital by 1,687.7% in the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after purchasing an additional 2,751 shares during the period. Quadrant Capital Group LLC acquired a new stake in shares of Burford Capital during the fourth quarter worth $53,000. Strs Ohio acquired a new stake in shares of Burford Capital during the first quarter worth $55,000. Insigneo Advisory Services LLC bought a new stake in shares of Burford Capital in the fourth quarter valued at about $93,000. Finally, Equitable Holdings Inc. bought a new stake in shares of Burford Capital in the fourth quarter valued at about $94,000.

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.