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

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

A number of analysts recently weighed in on the stock. Wedbush upped their target price on shares of Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Wall Street Zen lowered shares of Burford Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Weiss Ratings lowered shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Finally, B. Riley Financial reissued a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th.

Burford Capital Stock Performance

Burford Capital stock opened at $4.30 on Tuesday. The firm’s 50 day simple moving average is $4.62 and its 200 day simple moving average is $7.15. The company has a current ratio of 13.72, a quick ratio of 13.72 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $940.91 million, a PE ratio of -0.59, a price-to-earnings-growth ratio of 0.05 and a beta of 1.23. Burford Capital has a 1-year low of $3.59 and a 1-year high of $15.10.

Institutional Investors Weigh In On Burford Capital

A number of institutional investors have recently made changes to their positions in BUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Burford Capital by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,261 shares of the company’s stock valued at $1,575,000 after purchasing an additional 5,229 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Burford Capital by 2,967.7% in the 1st quarter. Millennium Management LLC now owns 657,283 shares of the company’s stock valued at $8,683,000 after purchasing an additional 635,857 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Burford Capital by 14.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,206,303 shares of the company’s stock valued at $15,935,000 after purchasing an additional 152,792 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Burford Capital by 8.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,562 shares of the company’s stock valued at $6,058,000 after purchasing an additional 35,541 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Burford Capital by 369.9% during the 1st quarter. Jane Street Group LLC now owns 201,950 shares of the company’s stock valued at $2,667,000 after buying an additional 158,973 shares during the period.

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.