Burford Capital (NYSE:BUR) Research Coverage Started at Wedbush

Wedbush assumed coverage on shares of Burford Capital (NYSE:BUR) in a research note released on Friday, Marketbeat.com reports. The firm issued an outperform rating and a $14.00 price target on the stock.

Other equities research analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Burford Capital in a research note on Monday, December 29th. Wall Street Zen cut Burford Capital from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. B. Riley Financial reissued a “buy” rating and set a $18.00 price objective (down previously from $20.00) on shares of Burford Capital in a report on Tuesday, November 11th. Bank of America assumed coverage on shares of Burford Capital in a research report on Wednesday, February 18th. They issued a “buy” rating on the stock. Finally, Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

Burford Capital Stock Down 1.2%

Shares of NYSE BUR opened at $9.64 on Friday. The company has a quick ratio of 14.99, a current ratio of 14.99 and a debt-to-equity ratio of 0.67. The company has a market cap of $2.11 billion, a P/E ratio of 25.36, a P/E/G ratio of 0.16 and a beta of 0.58. Burford Capital has a 52 week low of $8.19 and a 52 week high of $15.73. The business has a 50-day simple moving average of $9.37 and a two-hundred day simple moving average of $10.62.

Institutional Trading of Burford Capital

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC grew its stake in shares of Burford Capital by 1,687.7% during the fourth quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after buying an additional 2,751 shares during the last quarter. CWM LLC boosted its holdings in Burford Capital by 131.3% during the 2nd quarter. CWM LLC now owns 3,625 shares of the company’s stock valued at $52,000 after acquiring an additional 2,058 shares during the period. Quadrant Capital Group LLC bought a new position in Burford Capital during the 4th quarter worth approximately $53,000. Strs Ohio purchased a new position in Burford Capital in the 1st quarter worth approximately $55,000. Finally, KBC Group NV bought a new stake in Burford Capital in the second quarter valued at approximately $70,000.

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.