Burford Capital (NYSE:BUR) Shares Down 5.4% - Here's What Happened

Key Points

• Burford Capital shares fell 5.4% to $3.615, with trading volume down 83% from the average session. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment has weakened, with Zacks Research downgrading the stock to “strong sell” and the overall consensus standing at “Hold”, despite an average price target of $9.33.
• Burford reported quarterly EPS of $0.01, missing the $0.08 consensus estimate and falling sharply from $0.39 a year earlier. Several institutional investors nevertheless initiated or increased positions during the second quarter.

Burford Capital Limited (NYSE:BUR - Get Free Report)'s stock price traded down 5.4% on Friday. The company traded as low as $3.71 and last traded at $3.6150. Approximately 442,159 shares changed hands during trading, a decline of 83% from the average session volume of 2,611,948 shares. The stock had previously closed at $3.82.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BUR shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Burford Capital in a research report on Friday, August 7th. Wall Street Zen raised shares of Burford Capital from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Zacks Research cut Burford Capital from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Burford Capital presently has an average rating of "Hold" and an average price target of $9.33.

Burford Capital Stock Down 3.5%

The company has a current ratio of 9.56, a quick ratio of 9.56 and a debt-to-equity ratio of 1.64. The business has a fifty day simple moving average of $4.20 and a two-hundred day simple moving average of $4.59. The company has a market cap of $809.15 million, a PE ratio of -0.48, a price-to-earnings-growth ratio of 0.07 and a beta of 1.25.

Burford Capital (NYSE:BUR - Get Free Report) last issued 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). During the same quarter last year, the business posted $0.39 EPS. As a group, equities research analysts predict that Burford Capital Limited will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BUR. XP Advisory US Inc. purchased a new position in Burford Capital during the second quarter worth approximately $31,000. Sequoia Financial Advisors LLC purchased a new stake in Burford Capital in the 2nd quarter valued at $44,000. Waverly Advisors LLC acquired a new stake in shares of Burford Capital in the 2nd quarter worth $46,000. Allworth Financial LP raised its holdings in shares of Burford Capital by 1,747.4% during the 2nd quarter. Allworth Financial LP now owns 11,306 shares of the company's stock worth $46,000 after acquiring an additional 10,694 shares during the period. Finally, HB Wealth Management LLC purchased a new position in shares of Burford Capital during the 2nd quarter worth $65,000.

Burford Capital Company Profile

Burford Capital Limited NYSE: BUR is a global finance and asset management firm focused on the legal sector. The company provides capital to corporations, law firms and other organizations involved in commercial litigation, arbitration and other legal claims, allowing clients to fund legal expenses or monetize the potential value of legal assets without relying solely on their own balance sheets.

Burford's services include financing individual legal matters, portfolios of claims and law firm receivables, as well as providing capital for post-settlement recoveries, insolvency proceedings and complex legal-risk transactions.

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