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

Shares of Burford Capital Limited (NYSE:BUR) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $9.3333.

BUR has been the topic of a number of research analyst reports. Wall Street Zen cut Burford Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Deutsche Bank Aktiengesellschaft downgraded shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a research report on Monday, May 11th. Wedbush increased 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. B. Riley Financial restated a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Finally, Weiss Ratings downgraded shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th.

Burford Capital Stock Down 4.3%

Shares of Burford Capital stock opened at $3.92 on Friday. The stock’s 50-day moving average is $4.37 and its 200 day moving average is $6.50. Burford Capital has a one year low of $3.59 and a one year high of $14.39. The firm has a market cap of $857.66 million, a price-to-earnings ratio of -0.53, a PEG ratio of 0.05 and a beta of 1.26. The company has a debt-to-equity ratio of 1.59, a current ratio of 13.72 and a quick ratio of 13.72.

Institutional Trading of Burford Capital

Several large investors have recently made changes to their positions in BUR. Orbis Allan Gray Ltd increased its position in 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 buying an additional 2,859,722 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Burford Capital by 2.5% in the third quarter. Ameriprise Financial Inc. now owns 9,418,521 shares of the company’s stock worth $107,170,000 after acquiring an additional 229,979 shares in the last quarter. Bank of Montreal Can boosted its holdings in Burford Capital by 24.8% in the fourth quarter. Bank of Montreal Can now owns 6,779,231 shares of the company’s stock worth $60,471,000 after acquiring an additional 1,346,663 shares in the last quarter. Cooke & Bieler LP grew its stake in Burford Capital by 31.0% in the fourth quarter. Cooke & Bieler LP now owns 5,194,551 shares of the company’s stock valued at $46,335,000 after acquiring an additional 1,228,328 shares during the period. Finally, Greenlea Lane Capital Management LLC grew its stake in Burford Capital by 325.4% in the second quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company’s stock valued at $45,724,000 after acquiring an additional 2,571,917 shares during the period.

About Burford Capital

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.