Burford Capital (NYSE:BUR) Stock Price Breaks Above 50 Day Moving Average – Here’s What Happened

Burford Capital Limited (NYSE:BUR) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $3.79 and traded as high as $3.85. Burford Capital shares last traded at $3.7990, with a volume of 2,083,983 shares changing hands.

Analyst Ratings Changes

BUR has been the subject of a number of research reports. Wall Street Zen upgraded shares of Burford Capital from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Burford Capital in a research report on Friday, August 7th. Wedbush started coverage on shares of Burford Capital in a research report on Thursday, October 22nd. They issued a “neutral” rating and a $3.65 price target on the stock. Finally, Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Burford Capital currently has an average rating of “Hold” and an average price target of $8.88.

Burford Capital Stock Up 1.3%

The stock has a fifty day moving average price of $3.79 and a 200 day moving average price of $5.36. 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 stock has a market capitalization of $834.18 million, a P/E ratio of -0.49 and a beta of 1.29.

Burford Capital (NYSE:BUR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, research analysts forecast that Burford Capital Limited will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On Burford Capital

Several hedge funds and other institutional investors have recently modified their holdings of BUR. London Co. of Virginia lifted its holdings in shares of Burford Capital by 2.7% in the first quarter. London Co. of Virginia now owns 108,582 shares of the company’s stock worth $491,000 after buying an additional 2,874 shares in the last quarter. Parcion Private Wealth LLC boosted its position in shares of Burford Capital by 31.1% in the third quarter. Parcion Private Wealth LLC now owns 13,876 shares of the company’s stock valued at $54,000 after acquiring an additional 3,292 shares during the period. Commonwealth Equity Services LLC grew its stake in Burford Capital by 24.0% during the third quarter. Commonwealth Equity Services LLC now owns 17,043 shares of the company’s stock valued at $67,000 after acquiring an additional 3,302 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Burford Capital by 7.3% during the third quarter. Farther Finance Advisors LLC now owns 57,722 shares of the company’s stock valued at $226,000 after acquiring an additional 3,950 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd grew its stake in Burford Capital by 2.0% during the third quarter. Pilgrim Partners Asia Pte Ltd now owns 255,000 shares of the company’s stock valued at $1,000,000 after acquiring an additional 5,000 shares in the last quarter.

Burford Capital Company Profile

Burford Capital Limited (NYSE: BUR) is a global legal finance and asset management firm. The company provides capital to businesses and law firms involved in commercial litigation and arbitration, allowing clients to finance legal expenses, manage risk, or access the potential value of legal claims and judgments without relying solely on their balance sheets.

Its services include single-case and portfolio litigation finance, post-settlement and judgment monetization, legal asset management, and corporate legal finance.