Jefferies Financial Group Reaffirms Buy Rating for Burford Capital (NYSE:BUR)

Burford Capital (NYSE:BUR)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a note issued to investors on Tuesday, Benzinga reports. They presently have a $22.50 price objective on the stock. Jefferies Financial Group’s price target points to a potential upside of 72.94% from the stock’s current price.

Burford Capital Price Performance

Burford Capital stock traded up $0.46 during trading on Tuesday, reaching $13.01. The company had a trading volume of 1,649,287 shares, compared to its average volume of 1,191,484. Burford Capital has a 12-month low of $11.83 and a 12-month high of $17.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 14.17 and a quick ratio of 14.17. The stock’s 50 day moving average price is $14.33 and its two-hundred day moving average price is $14.69.

Burford Capital (NYSE:BUR) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.59). The company had revenue of $44.30 million for the quarter, compared to analysts’ expectations of $206.00 million. Burford Capital had a net margin of 42.81% and a return on equity of 10.61%. As a group, sell-side analysts forecast that Burford Capital will post 1.47 earnings per share for the current year.

Institutional Trading of Burford Capital

Institutional investors have recently modified their holdings of the company. Greenhaven Road Investment Management L.P. lifted its holdings in shares of Burford Capital by 19.9% during the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 1,582,622 shares of the company’s stock valued at $22,157,000 after acquiring an additional 262,235 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Burford Capital by 75.8% during the third quarter. Public Employees Retirement System of Ohio now owns 105,950 shares of the company’s stock valued at $1,485,000 after purchasing an additional 45,693 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Burford Capital during the fourth quarter valued at approximately $31,000. SG Americas Securities LLC acquired a new position in shares of Burford Capital during the fourth quarter worth $180,000. Finally, Clear Harbor Asset Management LLC boosted its stake in shares of Burford Capital by 195.1% in the fourth quarter. Clear Harbor Asset Management LLC now owns 74,600 shares of the company’s stock valued at $1,164,000 after purchasing an additional 49,320 shares during the period.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.