Burford Capital (NYSE:BUR) Earns “Neutral” Rating from Wedbush

Burford Capital (NYSE:BUR)‘s stock had its “neutral” rating restated by analysts at Wedbush in a research note issued to investors on Monday. They currently have a $4.75 target price on the stock. Wedbush’s target price would indicate a potential upside of 16.59% from the stock’s current price.

Several other analysts have also commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Burford Capital in a research report on Friday. Bank of America initiated coverage on Burford Capital in a research report on Wednesday, February 18th. They issued a “buy” rating for the company. Zacks Research cut Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen downgraded Burford Capital from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.38.

Burford Capital Trading Down 1.6%

Shares of BUR opened at $4.07 on Monday. Burford Capital has a 12-month low of $3.59 and a 12-month high of $15.10. The firm has a market capitalization of $891.79 million, a P/E ratio of 15.09, a P/E/G ratio of 0.11 and a beta of 0.66. The firm has a 50-day moving average price of $8.81 and a 200 day moving average price of $9.67. The company has a current ratio of 10.93, a quick ratio of 10.93 and a debt-to-equity ratio of 0.68.

Burford Capital (NYSE:BUR) last issued its earnings results on Thursday, February 26th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.54). The firm had revenue of $48.78 million for the quarter, compared to analysts’ expectations of $168.30 million. Burford Capital had a return on equity of 1.97% and a net margin of 15.14%. Sell-side analysts forecast that Burford Capital will post 1.28 EPS for the current year.

Hedge Funds Weigh In On Burford Capital

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Burford Capital by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,261 shares of the company’s stock valued at $1,575,000 after purchasing an additional 5,229 shares during the last quarter. Millennium Management LLC lifted its stake in Burford Capital by 2,967.7% during the first quarter. Millennium Management LLC now owns 657,283 shares of the company’s stock worth $8,683,000 after purchasing an additional 635,857 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Burford Capital by 14.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,206,303 shares of the company’s stock worth $15,935,000 after purchasing an additional 152,792 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Burford Capital by 8.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,562 shares of the company’s stock worth $6,058,000 after buying an additional 35,541 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Burford Capital by 369.9% during the first quarter. Jane Street Group LLC now owns 201,950 shares of the company’s stock worth $2,667,000 after buying an additional 158,973 shares during the period.

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.