Burford Capital (NYSE:BUR) Now Covered by Analysts at Wedbush

Research analysts at Wedbush began coverage on shares of Burford Capital (NYSE:BUR) in a research note issued on Friday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $14.00 price target on the stock. Wedbush’s target price points to a potential upside of 44.11% from the company’s current price.

Other equities analysts also recently issued reports about the company. Bank of America began coverage on Burford Capital in a research report on Wednesday. They issued a “buy” rating on the stock. Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Burford Capital in a research report on Monday, December 29th. B. Riley Financial restated a “buy” rating and set a $18.00 target price (down previously from $20.00) on shares of Burford Capital in a research report on Tuesday, November 11th. Finally, Wall Street Zen downgraded shares of Burford Capital from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.00.

Burford Capital Stock Performance

Shares of BUR traded down $0.04 on Friday, reaching $9.72. The company’s stock had a trading volume of 264,207 shares, compared to its average volume of 1,542,528. The stock’s 50 day simple moving average is $9.36 and its two-hundred day simple moving average is $10.67. The company has a debt-to-equity ratio of 0.67, a current ratio of 14.99 and a quick ratio of 14.99. The stock has a market capitalization of $2.13 billion, a P/E ratio of 25.71, a PEG ratio of 0.16 and a beta of 0.58. Burford Capital has a 12-month low of $8.19 and a 12-month high of $15.73.

Institutional Trading of Burford Capital

A number of large investors have recently made changes to their positions in the business. Signaturefd LLC grew its position 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 acquiring an additional 2,751 shares during the last quarter. CWM LLC grew its position in shares of Burford Capital by 131.3% during the 2nd quarter. CWM LLC now owns 3,625 shares of the company’s stock worth $52,000 after buying an additional 2,058 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in shares of Burford Capital during the fourth quarter valued at $53,000. Strs Ohio bought a new stake in shares of Burford Capital in the first quarter valued at about $55,000. Finally, KBC Group NV bought a new stake in shares of Burford Capital in the second quarter valued at about $70,000.

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.