Burford Capital (NYSE:BUR) Reaches New 12-Month Low - Should You Sell?

Burford Capital Limited (NYSE:BUR - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.70 and last traded at $10.87, with a volume of 5890024 shares changing hands. The stock had previously closed at $12.64.

Wall Street Analyst Weigh In

Separately, Wedbush upgraded Burford Capital to an "outperform" rating and set a $18.00 price target for the company in a report on Wednesday, June 11th.

Burford Capital Trading Down 0.1%

The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 0.56. The business's 50-day simple moving average is $13.28 and its two-hundred day simple moving average is $13.53. The company has a market capitalization of $2.41 billion, a PE ratio of 11.86 and a beta of 0.59.

Burford Capital (NYSE:BUR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.16). The firm had revenue of $118.86 million during the quarter, compared to analysts' expectations of $157.00 million. Burford Capital had a net margin of 33.41% and a return on equity of 6.41%. On average, analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current year.

Hedge Funds Weigh In On Burford Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BUR. Contrarian Capital Management L.L.C. bought a new position in shares of Burford Capital during the first quarter worth about $32,586,000. Cooke & Bieler LP bought a new position in shares of Burford Capital during the first quarter worth about $24,761,000. Breach Inlet Capital Management LLC bought a new position in shares of Burford Capital during the fourth quarter worth about $12,147,000. Proficio Capital Partners LLC lifted its position in shares of Burford Capital by 553.8% during the fourth quarter. Proficio Capital Partners LLC now owns 963,122 shares of the company's stock worth $12,280,000 after purchasing an additional 815,812 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Burford Capital by 22.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company's stock worth $47,529,000 after purchasing an additional 691,269 shares during the last quarter.

Burford Capital Company Profile

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.