Burford Capital (NYSE:BUR) Stock Price Up 16% - Still a Buy?

Shares of Burford Capital Limited (NYSE:BUR - Get Free Report) rose 16% during mid-day trading on Monday . The stock traded as high as $12.29 and last traded at $13.56. Approximately 1,908,641 shares changed hands during mid-day trading, an increase of 102% from the average daily volume of 942,854 shares. The stock had previously closed at $11.69.

Analyst Ratings Changes

Separately, Wedbush raised shares of Burford Capital to an "outperform" rating and set a $18.00 price objective for the company in a research note on Wednesday, June 11th.

Burford Capital Stock Up 22.4%

The stock has a market cap of $3.13 billion, a P/E ratio of 15.39 and a beta of 0.59. 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 firm's fifty day moving average is $13.05 and its 200 day moving average is $13.45.

Burford Capital (NYSE:BUR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 EPS 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 the consensus estimate of $157.00 million. Burford Capital had a return on equity of 6.41% and a net margin of 33.41%. As a group, equities research analysts forecast that Burford Capital Limited will post 1.28 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BUR. Militia Capital Partners LP bought a new position in shares of Burford Capital during the 1st quarter worth about $793,000. Strs Ohio bought a new position in shares of Burford Capital during the 1st quarter worth about $55,000. Intech Investment Management LLC increased its holdings in shares of Burford Capital by 56.4% during the 1st quarter. Intech Investment Management LLC now owns 114,080 shares of the company's stock worth $1,507,000 after purchasing an additional 41,145 shares during the period. Jane Street Group LLC increased its holdings in shares of Burford Capital by 369.9% during the 1st quarter. Jane Street Group LLC now owns 201,950 shares of the company's stock worth $2,667,000 after purchasing an additional 158,973 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Burford Capital by 8.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,562 shares of the company's stock worth $6,058,000 after purchasing an additional 35,541 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.