Burford Capital (NYSE:BUR) Stock Falls 5.4% – What’s Next?

Shares of Burford Capital Limited (NYSE:BUR) fell 5.4% during trading on Friday. The company traded as low as $3.71 and last traded at $3.6150. Approximately 442,159 shares were traded during trading, a decline of 83% from the average daily volume of 2,611,948 shares. The stock had previously closed at $3.82.

Analysts Set New Price Targets

BUR has been the subject of several analyst reports. Zacks Research cut shares of Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Wall Street Zen upgraded Burford Capital from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Burford Capital in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.33.

Burford Capital Trading Down 3.5%

The firm has a market capitalization of $809.15 million, a price-to-earnings ratio of -0.48, a PEG ratio of 0.07 and a beta of 1.25. The business’s 50-day simple moving average is $4.20 and its two-hundred day simple moving average is $4.59. The company has a quick ratio of 9.56, a current ratio of 9.56 and a debt-to-equity ratio of 1.64.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). During the same period in the previous year, the business posted $0.39 EPS. Equities analysts forecast that Burford Capital Limited will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC acquired a new position in Burford Capital in the 1st quarter valued at about $1,626,000. KBC Group NV lifted its position 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 worth $2,895,000 after purchasing an additional 633,393 shares in the last quarter. Solas Capital Management LLC boosted its stake in shares of Burford Capital by 23.4% in the second quarter. Solas Capital Management LLC now owns 1,210,944 shares of the company’s stock valued at $4,965,000 after purchasing an additional 230,000 shares during the period. Odyssean LLC purchased a new position in shares of Burford Capital in the second quarter valued at approximately $2,512,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Burford Capital by 181.8% in the first quarter. Y Intercept Hong Kong Ltd now owns 217,931 shares of the company’s stock valued at $985,000 after purchasing an additional 140,595 shares in the last quarter.

Burford Capital Company Profile

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.