Burford Capital Limited (NYSE:BUR) Given Average Rating of “Hold” by Analysts

Shares of Burford Capital Limited (NYSE:BUR) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $9.3333.

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target for the company. in a research report on Monday, May 11th. Weiss Ratings cut shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wedbush increased their price target on shares of Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. B. Riley Financial restated a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Finally, Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th.

Burford Capital Trading Down 5.2%

Shares of BUR opened at $4.30 on Tuesday. The stock has a market capitalization of $940.91 million, a P/E ratio of -0.59, a PEG ratio of 0.05 and a beta of 1.23. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59. The firm has a fifty day simple moving average of $4.62 and a two-hundred day simple moving average of $7.15. Burford Capital has a twelve month low of $3.59 and a twelve month high of $15.10.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Orbis Allan Gray Ltd increased its stake 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 in the last quarter. Greenlea Lane Capital Management LLC increased its stake in Burford Capital by 325.4% during the 2nd quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock valued at $45,724,000 after purchasing an additional 2,571,917 shares in the last quarter. Langdon Equity Partners bought a new stake in Burford Capital during the 4th quarter valued at about $19,661,000. Contrarian Capital Management L.L.C. increased its stake in Burford Capital by 58.2% during the 3rd quarter. Contrarian Capital Management L.L.C. now owns 4,044,998 shares of the company’s stock valued at $48,378,000 after purchasing an additional 1,488,250 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Burford Capital by 24.8% during the 4th quarter. Bank of Montreal Can now owns 6,779,231 shares of the company’s stock valued at $60,471,000 after purchasing an additional 1,346,663 shares in the last quarter.

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.