Burford Capital (NYSE:BUR) Given Neutral Rating at Wedbush

Burford Capital (NYSE:BUR)‘s stock had its “neutral” rating restated by stock analysts at Wedbush in a report issued on Thursday, Benzinga reports. They presently have a $3.65 price objective on the stock. Wedbush’s price objective points to a potential upside of 20.26% from the company’s previous close.

Several other equities analysts also recently weighed in on BUR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Burford Capital in a research report on Friday, August 7th. Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Finally, Wall Street Zen raised shares of Burford Capital from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.88.

Burford Capital Price Performance

Shares of NYSE BUR opened at $3.04 on Thursday. Burford Capital has a 52 week low of $2.86 and a 52 week high of $11.35. The stock has a market capitalization of $666.43 million, a price-to-earnings ratio of -0.39 and a beta of 1.25. The company has a quick ratio of 9.56, a current ratio of 9.56 and a debt-to-equity ratio of 1.64. The firm has a 50-day simple moving average of $3.95 and a 200-day simple moving average of $4.27.

Burford Capital (NYSE:BUR) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). During the same quarter last year, the firm earned $0.39 EPS. On average, equities analysts predict that Burford Capital will post 1.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Burford Capital

A number of institutional investors have recently made changes to their positions in BUR. Solas Capital Management LLC lifted its holdings in Burford Capital by 23.4% in the 2nd quarter. Solas Capital Management LLC now owns 1,210,944 shares of the company’s stock valued at $4,965,000 after purchasing an additional 230,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Burford Capital by 15.2% in the 1st quarter. Renaissance Technologies LLC now owns 958,500 shares of the company’s stock worth $4,332,000 after buying an additional 126,500 shares during the period. Empowered Funds LLC grew its holdings in shares of Burford Capital by 6.0% during the 1st quarter. Empowered Funds LLC now owns 761,609 shares of the company’s stock worth $3,442,000 after purchasing an additional 42,951 shares during the period. KBC Group NV increased its position in shares of Burford Capital by 8,916.0% in the first quarter. KBC Group NV now owns 640,497 shares of the company’s stock worth $2,895,000 after acquiring an additional 633,393 shares in the last quarter. Finally, Odyssean LLC acquired a new stake in Burford Capital in the 2nd quarter valued at $2,512,000.

About Burford Capital

Burford Capital Limited (NYSE: BUR) is a global legal finance and asset management firm. The company provides capital to businesses and law firms involved in commercial litigation and arbitration, allowing clients to finance legal expenses, manage risk, or access the potential value of legal claims and judgments without relying solely on their balance sheets.

Its services include single-case and portfolio litigation finance, post-settlement and judgment monetization, legal asset management, and corporate legal finance.