Burford Capital (NYSE:BUR) Stock Price Down 9% - Should You Sell?

Key Points

• Burford Capital shares fell 9% Friday, closing near $3.61; trading volume was 71% below its average.
• Analyst sentiment is mixed, but the consensus rating remains Hold, with an average price target of $8.88; Wedbush initiated coverage at Neutral with a $3.65 target.
• The company reported quarterly EPS of $0.10, beating estimates of $0.09, and revenue of $267.38 million versus expectations of $109.13 million.

Burford Capital Limited (NYSE:BUR - Get Free Report) traded down 9% on Friday. The stock traded as low as $3.62 and last traded at $3.6050. Approximately 761,906 shares changed hands during trading, a decline of 71% from the average daily volume of 2,617,822 shares. The stock had previously closed at $3.96.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Zacks Research upgraded Burford Capital from a "strong sell" rating to a "hold" rating in a report on Friday, October 9th. Weiss Ratings lowered shares of Burford Capital from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday. 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. Finally, Wedbush started coverage on shares of Burford Capital in a report on Thursday, October 22nd. They issued a "neutral" rating and a $3.65 target price for the company. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.88.

Burford Capital Stock Down 8.7%

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 firm has a market capitalization of $793.80 million, a PE ratio of -0.48 and a beta of 1.29. The firm has a 50-day moving average of $3.78 and a two-hundred day moving average of $5.31.

Burford Capital (NYSE:BUR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $267.38 million for the quarter, compared to analysts' expectations of $109.13 million. During the same period last year, the firm posted ($0.09) EPS. On average, equities research analysts forecast that Burford Capital Limited will post 1.49 EPS for the current year.

Institutional Trading of Burford Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Burford Capital in the third quarter valued at about $115,000. M&G PLC boosted its stake in Burford Capital by 19.8% during the 3rd quarter. M&G PLC now owns 5,413,417 shares of the company's stock valued at $21,256,000 after acquiring an additional 895,689 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Burford Capital by 24.0% during the third quarter. Commonwealth Equity Services LLC now owns 17,043 shares of the company's stock worth $67,000 after purchasing an additional 3,302 shares during the last quarter. Ascent Group LLC acquired a new position in shares of Burford Capital in the 3rd quarter worth approximately $53,000. Finally, Mraz Amerine & Associates Inc. grew its position in shares of Burford Capital by 12.5% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 645,108 shares of the company's stock worth $2,529,000 after acquiring an additional 71,505 shares in the last quarter.

About Burford Capital

Burford Capital Limited NYSE: BUR is a global legal finance and asset management firm. The company provides capital to businesses and law firms involved in commercial litigation and arbitration, allowing clients to finance legal expenses, manage risk, or access the potential value of legal claims and judgments without relying solely on their balance sheets.

Its services include single-case and portfolio litigation finance, post-settlement and judgment monetization, legal asset management, and corporate legal finance.

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