Burford Capital Limited (NYSE:BUR) Receives Consensus Recommendation of “Hold” from Analysts

Burford Capital Limited (NYSE:BUR) has earned an average recommendation of “Hold” from 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 12-month price objective among brokerages that have issued a report on the stock in the last year is $9.3333.

A number of analysts have recently commented on BUR shares. Bank of America initiated coverage on Burford Capital in a research note on Wednesday, February 18th. They issued a “buy” rating on the stock. Wall Street Zen downgraded Burford Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Weiss Ratings lowered Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Finally, Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th.

Burford Capital Trading Down 1.0%

Shares of Burford Capital stock opened at $4.50 on Friday. The stock has a market cap of $984.72 million, a PE ratio of -0.61, a price-to-earnings-growth ratio of 0.05 and a beta of 1.28. The firm has a fifty day moving average price of $5.08 and a 200 day moving average price of $7.69. Burford Capital has a 1 year low of $3.59 and a 1 year high of $15.10. The company has a debt-to-equity ratio of 1.59, a current ratio of 13.72 and a quick ratio of 13.72.

Burford Capital (NYSE:BUR) last announced its quarterly earnings results on Friday, February 27th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.54). The company had revenue of $48.78 million for the quarter, compared to analyst estimates of $168.30 million. Burford Capital had a return on equity of 11.72% and a net margin of 15.14%. Equities research analysts predict that Burford Capital will post 2.19 earnings per share for the current year.

Institutional Investors Weigh In On Burford Capital

Hedge funds have recently modified their holdings of the company. Orbis Allan Gray Ltd increased its stake in shares of Burford Capital by 31.1% in 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 boosted its position in Burford Capital by 325.4% during 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 in the last quarter. Langdon Equity Partners acquired a new stake in Burford Capital in the fourth quarter valued at approximately $19,661,000. Contrarian Capital Management L.L.C. grew its holdings in Burford Capital by 58.2% in the third 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 during the period. Finally, Bank of Montreal Can increased its position in shares of Burford Capital by 24.8% in the fourth quarter. Bank of Montreal Can now owns 6,779,231 shares of the company’s stock valued at $60,471,000 after buying 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.