Burford Capital Limited (NYSE:BUR) Receives Consensus Rating of “Hold” from Brokerages

Burford Capital Limited (NYSE:BUR) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $9.3333.

Several research analysts recently weighed in on the company. Zacks Research cut Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Wall Street Zen upgraded shares of Burford Capital from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Burford Capital in a report on Friday, August 7th.

Burford Capital Stock Down 0.8%

BUR stock opened at $4.34 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 9.56 and a quick ratio of 9.56. The firm’s fifty day simple moving average is $4.26 and its 200-day simple moving average is $5.06. Burford Capital has a 12 month low of $3.59 and a 12 month high of $13.10. The company has a market capitalization of $954.08 million, a P/E ratio of -0.56, a price-to-earnings-growth ratio of 0.07 and a beta of 1.25.

Burford Capital (NYSE:BUR) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). Burford Capital had a net margin of 15.14% and a return on equity of 10.24%. During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, equities research analysts forecast that Burford Capital will post 1.55 earnings per share for the current year.

Institutional Investors Weigh In On Burford Capital

Several hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new position in shares of Burford Capital in the 1st quarter valued at about $55,000. Quadrant Capital Group LLC purchased a new position in Burford Capital during the fourth quarter worth approximately $53,000. XP Advisory US Inc. acquired a new stake in Burford Capital in the second quarter valued at approximately $31,000. Insigneo Advisory Services LLC acquired a new stake in Burford Capital in the fourth quarter valued at approximately $93,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Burford Capital in the fourth quarter valued at approximately $94,000.

About Burford Capital

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.