Burford Capital (NYSE:BUR) Stock Jumps 5.4% – Should You Buy?

Burford Capital Limited (NYSE:BUR)’s stock price was up 5.4% on Thursday. The company traded as high as $3.24 and last traded at $3.2150. Approximately 319,406 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 2,618,357 shares. The stock had previously closed at $3.05.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Burford Capital in a research note on Friday, August 7th. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Wall Street Zen raised shares of Burford Capital from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Wedbush restated a “neutral” rating and issued a $3.65 price objective on shares of Burford Capital in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Burford Capital presently has an average rating of “Hold” and a consensus target price of $8.88.

Burford Capital Price Performance

The company has a current ratio of 9.56, a quick ratio of 9.56 and a debt-to-equity ratio of 1.64. The company has a market cap of $738.89 million, a PE ratio of -0.44 and a beta of 1.25. The firm has a 50 day moving average of $3.95 and a two-hundred day moving average of $4.27.

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

Institutional Investors Weigh In On Burford Capital

A number of institutional investors have recently modified their holdings of the stock. XP Advisory US Inc. bought a new position in shares of Burford Capital during the second quarter valued at $31,000. Sequoia Financial Advisors LLC purchased a new position in shares of Burford Capital in the 2nd quarter worth about $44,000. Waverly Advisors LLC purchased a new position in shares of Burford Capital in the 2nd quarter worth about $46,000. Allworth Financial LP boosted its stake in Burford Capital by 1,747.4% in the 2nd quarter. Allworth Financial LP now owns 11,306 shares of the company’s stock worth $46,000 after purchasing an additional 10,694 shares in the last quarter. Finally, HB Wealth Management LLC bought a new position in Burford Capital in the 2nd quarter worth about $65,000.

Burford Capital Company Profile

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.