Odyssean LLC Invests $2.51 Million in Burford Capital Limited $BUR

Key Points

• Odyssean LLC acquired 612,720 shares of Burford Capital in the second quarter, investing approximately $2.51 million and gaining a 0.28% stake.
• Burford Capital shares opened at $4.43, up 2.9%, but remain well below the 52-week high of $14.05. The company recently reported quarterly EPS of $0.01, missing estimates, despite revenue exceeding analyst expectations.
• Analyst sentiment is mixed, with two Buy, two Hold, and two Sell ratings; the consensus rating is Hold, with an average price target of $9.33.

Odyssean LLC bought a new stake in Burford Capital Limited (NYSE:BUR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 612,720 shares of the company's stock, valued at approximately $2,512,000. Odyssean LLC owned approximately 0.28% of Burford Capital as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BUR. Strs Ohio bought a new stake in Burford Capital during the first quarter worth $55,000. Quadrant Capital Group LLC bought a new position in Burford Capital during the 4th quarter valued at $53,000. Insigneo Advisory Services LLC bought a new position in Burford Capital during the 4th quarter valued at $93,000. Equitable Holdings Inc. purchased a new position in Burford Capital during the 4th quarter worth $94,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Burford Capital during the 3rd quarter worth $128,000.

Burford Capital Stock Up 2.9%

Shares of NYSE:BUR opened at $4.43 on Wednesday. Burford Capital Limited has a 1 year low of $3.59 and a 1 year high of $14.05. The company has a market capitalization of $973.62 million, a PE ratio of -0.58, a price-to-earnings-growth ratio of 0.05 and a beta of 1.25. The business has a fifty day moving average price of $4.24 and a two-hundred day moving average price of $5.49. The company has a debt-to-equity ratio of 1.64, a current ratio of 9.56 and a quick ratio of 9.56.

Burford Capital (NYSE:BUR - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.07). The business had revenue of $110.68 million for the quarter, compared to the consensus estimate of $103.08 million. Burford Capital had a return on equity of 10.24% and a net margin of 15.14%.During the same quarter in the previous year, the firm earned $0.39 earnings per share. Analysts forecast that Burford Capital Limited will post 2.11 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on BUR shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Burford Capital in a report on Friday, August 7th. Wedbush boosted their price target on shares of Burford Capital from $4.75 to $5.00 and gave the stock a "neutral" rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Burford Capital from a "buy" rating to a "hold" rating and set a $5.00 price objective for the company. in a research report on Monday, May 11th. B. Riley Financial reiterated a "buy" rating on shares of Burford Capital in a research note on Thursday, May 14th. Finally, Wall Street Zen raised shares of Burford Capital from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $9.33.

About Burford Capital

Burford Capital NYSE: BUR is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.

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