Burford Capital Limited (NYSE:BUR - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $10.70 and last traded at $10.87, with a volume of 5890024 shares traded. The stock had previously closed at $12.64.
Analyst Ratings Changes
Separately, Wedbush upgraded Burford Capital to an "outperform" rating and set a $18.00 target price for the company in a research note on Wednesday, June 11th.
Read Our Latest Stock Analysis on Burford Capital
Burford Capital Stock Up 1.3%
The firm has a 50 day simple moving average of $13.31 and a two-hundred day simple moving average of $13.54. The company has a debt-to-equity ratio of 0.56, a quick ratio of 13.27 and a current ratio of 13.27. The stock has a market cap of $2.42 billion, a P/E ratio of 11.88 and a beta of 0.59.
Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.16). The firm had revenue of $118.86 million during the quarter, compared to analyst estimates of $157.00 million. Burford Capital had a net margin of 33.41% and a return on equity of 6.41%. Equities research analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current year.
Institutional Trading of Burford Capital
Several institutional investors have recently modified their holdings of BUR. Ridgewood Investments LLC acquired a new stake in shares of Burford Capital in the first quarter valued at $26,000. Strs Ohio purchased a new stake in shares of Burford Capital during the first quarter valued at $55,000. Sterling Capital Management LLC lifted its holdings in shares of Burford Capital by 820.4% during the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after purchasing an additional 5,628 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Burford Capital by 109.3% during the fourth quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company's stock valued at $114,000 after purchasing an additional 4,700 shares during the last quarter. Finally, HM Payson & Co. purchased a new stake in shares of Burford Capital during the fourth quarter valued at $119,000.
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.
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