Burford Capital (NYSE:BUR - Get Free Report)'s stock had its "buy (b-)" rating reiterated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.
A number of other research analysts have also issued reports on the company. Wedbush reaffirmed an "outperform" rating and set a $18.00 target price on shares of Burford Capital in a report on Thursday, August 14th. Wall Street Zen lowered shares of Burford Capital from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Burford Capital currently has an average rating of "Buy" and a consensus target price of $18.00.
Read Our Latest Report on BUR
Burford Capital Stock Up 1.0%
NYSE BUR traded up $0.12 during trading hours on Wednesday, hitting $11.58. The company had a trading volume of 1,307,885 shares, compared to its average volume of 1,376,600. The firm's 50 day moving average is $12.97 and its 200 day moving average is $13.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 10.09 and a quick ratio of 10.09. Burford Capital has a fifty-two week low of $10.70 and a fifty-two week high of $15.73. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 10.72 and a beta of 0.58.
Burford Capital (NYSE:BUR - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. Burford Capital had a net margin of 37.08% and a return on equity of 7.48%. The business had revenue of $191.29 million for the quarter, compared to analysts' expectations of $159.02 million. Sell-side analysts anticipate that Burford Capital will post 1.28 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC acquired a new stake in shares of Burford Capital in the fourth quarter valued at about $273,000. Edgestream Partners L.P. bought a new position in Burford Capital in the 1st quarter worth approximately $284,000. Capricorn Fund Managers Ltd lifted its holdings in shares of Burford Capital by 400.0% during the second quarter. Capricorn Fund Managers Ltd now owns 100,000 shares of the company's stock worth $1,426,000 after buying an additional 80,000 shares during the last quarter. Invesco Ltd. boosted its position in shares of Burford Capital by 0.8% in the first quarter. Invesco Ltd. now owns 4,527,180 shares of the company's stock valued at $59,804,000 after acquiring an additional 34,228 shares during the period. Finally, Empyrean Capital Partners LP acquired a new stake in shares of Burford Capital in the first quarter worth $4,491,000.
About Burford Capital
(
Get Free Report)
Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.
Further Reading
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