Burford Capital Limited (NYSE:BUR - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $12.64, but opened at $12.11. Burford Capital shares last traded at $11.54, with a volume of 239,257 shares traded.
Analyst Ratings Changes
Separately, Wedbush raised shares of Burford Capital to an "outperform" rating and set a $18.00 price target for the company in a report on Wednesday, June 11th.
Check Out Our Latest Stock Analysis on Burford Capital
Burford Capital Price Performance
The firm has a market cap of $2.41 billion, a P/E ratio of 11.87 and a beta of 0.59. The business's 50 day moving average is $13.31 and its two-hundred day moving average is $13.54. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 0.56.
Burford Capital (NYSE:BUR - Get Free Report) last issued 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). Burford Capital had a net margin of 33.41% and a return on equity of 6.41%. The company had revenue of $118.86 million for the quarter, compared to the consensus estimate of $157.00 million. As a group, analysts anticipate that Burford Capital Limited will post 1.28 earnings per share for the current year.
Institutional Trading of Burford Capital
Large investors have recently bought and sold shares of the company. Rangeley Capital LLC purchased a new stake in shares of Burford Capital in the fourth quarter worth $5,878,000. Gordian Capital Singapore Pte Ltd boosted its stake in Burford Capital by 149.9% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 112,200 shares of the company's stock worth $1,431,000 after acquiring an additional 67,300 shares in the last quarter. Millennium Management LLC purchased a new stake in Burford Capital during the 4th quarter valued at about $273,000. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Burford Capital during the fourth quarter valued at $2,229,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Burford Capital in the 4th quarter worth $335,000.
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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