Burford Capital Limited (NYSE:BUR) Given Average Recommendation of “Hold” by Brokerages

Burford Capital Limited (NYSE:BUR) has earned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $9.3333.

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 target price for the company. in a research note on Monday, May 11th. Weiss Ratings downgraded shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Wedbush raised their target price on shares of Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th.

Institutional Investors Weigh In On Burford Capital

Several hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its position in shares of Burford Capital by 1,687.7% in the fourth quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after purchasing an additional 2,751 shares during the last quarter. Strs Ohio acquired a new stake in Burford Capital during the 1st quarter worth approximately $55,000. Quadrant Capital Group LLC acquired a new stake in Burford Capital during the 4th quarter worth approximately $53,000. Insigneo Advisory Services LLC bought a new stake in Burford Capital in the 4th quarter valued at $93,000. Finally, Equitable Holdings Inc. bought a new stake in Burford Capital in the 4th quarter valued at $94,000.

Burford Capital Trading Up 1.8%

Shares of NYSE:BUR opened at $4.17 on Friday. The company’s 50-day moving average price is $4.34 and its two-hundred day moving average price is $6.38. Burford Capital has a one year low of $3.59 and a one year high of $14.14. The company has a debt-to-equity ratio of 1.59, a current ratio of 13.72 and a quick ratio of 13.72. The stock has a market capitalization of $914.62 million, a PE ratio of -0.57, a price-to-earnings-growth ratio of 0.05 and a beta of 1.26.

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.