Burford Capital (NYSE:BUR – Free Report) had its price target reduced by Wedbush from $13.00 to $6.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.
A number of other equities research analysts have also recently commented on BUR. Wall Street Zen cut Burford Capital from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Burford Capital in a research note on Friday. Bank of America started coverage on Burford Capital in a report on Wednesday, February 18th. They issued a “buy” rating for the company. Finally, Zacks Research cut shares of Burford Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.00.
View Our Latest Stock Analysis on BUR
Burford Capital Trading Up 1.7%
Burford Capital (NYSE:BUR – Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.54). The business had revenue of $48.78 million for the quarter, compared to analysts’ expectations of $168.30 million. Burford Capital had a net margin of 15.14% and a return on equity of 1.97%. As a group, research analysts forecast that Burford Capital will post 1.28 earnings per share for the current year.
Burford Capital Dividend Announcement
The company also recently declared a dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a yield of 147.0%. Burford Capital’s payout ratio is currently 44.44%.
Institutional Investors Weigh In On Burford Capital
A number of institutional investors have recently added to or reduced their stakes in BUR. Orbis Allan Gray Ltd grew its holdings in Burford Capital by 31.1% during the 4th quarter. Orbis Allan Gray Ltd now owns 12,051,544 shares of the company’s stock valued at $107,500,000 after purchasing an additional 2,859,722 shares during the last quarter. Greenlea Lane Capital Management LLC lifted its stake in Burford Capital by 325.4% in the second quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock worth $45,724,000 after purchasing an additional 2,571,917 shares during the last quarter. Langdon Equity Partners purchased a new position in shares of Burford Capital during the fourth quarter valued at approximately $19,661,000. Two Seas Capital LP purchased a new position in shares of Burford Capital during the second quarter valued at approximately $22,498,000. Finally, Invesco Ltd. grew its stake in shares of Burford Capital by 34.3% during the second quarter. Invesco Ltd. now owns 6,078,537 shares of the company’s stock valued at $86,680,000 after buying an additional 1,551,357 shares during the last quarter.
Trending Headlines about Burford Capital
Here are the key news stories impacting Burford Capital this week:
- Positive Sentiment: Wedbush kept an “outperform” stance while cutting its price target from $13 to $6, signaling the firm still sees upside despite the hit to Burford’s YPF exposure. Wedbush cuts PT to $6 but retains outperform
- Neutral Sentiment: Earlier Wedbush reaffirmed a “neutral” rating with a $4.75 target (a lower, more cautious view than the outperform note), reflecting near-term uncertainty and mixed analyst perspectives. Wedbush reaffirms neutral $4.75 target
- Neutral Sentiment: Burford published a further statement on the YPF appeal decision, aiming to clarify next steps and investor questions; management commentary may reduce uncertainty but does not change the court outcome. Burford further statement on YPF appeal
- Neutral Sentiment: General company information pages (e.g., dividend history) remain available but are secondary to the litigation outcome for near-term share moves. Burford dividends (Benzinga)
- Negative Sentiment: Berenberg sharply lowered its target after the US court reversal, reflecting increased downside risk from the loss of the YPF award. Berenberg slashes target after court reversal
- Negative Sentiment: The US Court of Appeals for the Second Circuit overturned the YPF judgment against Argentina — the direct legal event that removed a significant expected recovery and is the primary driver of the recent sell-off. US appeals court overturns YPF judgement
- Negative Sentiment: News coverage reports Burford shares plunged more than 40% on the ruling, illustrating market re-pricing of litigation assets and uncertainty about recoverable value. Burford shares plunge after YPF reversal
- Negative Sentiment: Shares hit a new 52-week low amid the sell-off, underscoring the immediate market impact and higher perceived risk. Burford hits new 52-week low
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.
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