Burford Capital Limited (NYSE:BUR – Free Report) – Equities research analysts at Berenberg Bank dropped their FY2027 EPS estimates for shares of Burford Capital in a report issued on Thursday, May 7th. Berenberg Bank analyst J. Allen now forecasts that the company will post earnings per share of $1.43 for the year, down from their prior forecast of $1.45. The consensus estimate for Burford Capital’s current full-year earnings is ($0.67) per share. Berenberg Bank also issued estimates for Burford Capital’s FY2028 earnings at $1.60 EPS.
Several other analysts have also recently weighed in on BUR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Burford Capital in a research note on Friday, March 27th. Bank of America began coverage on shares of Burford Capital in a research report on Wednesday, February 18th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft cut shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a report on Monday. Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday. Finally, Wedbush increased their price target on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.33.
Burford Capital Stock Performance
Shares of NYSE BUR opened at $4.76 on Tuesday. The company has a market capitalization of $1.04 billion, a P/E ratio of -0.65 and a beta of 1.28. The stock has a 50 day moving average of $6.03 and a 200-day moving average of $8.19. Burford Capital has a 12 month low of $3.59 and a 12 month high of $15.10. The company has a current ratio of 10.93, a quick ratio of 10.93 and a debt-to-equity ratio of 0.68.
Burford Capital (NYSE:BUR – Get Free Report) last issued its earnings results on Friday, February 27th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.54). The firm had revenue of $48.78 million during the quarter, compared to analyst estimates of $168.30 million. Burford Capital had a net margin of 15.14% and a return on equity of 10.19%.
Hedge Funds Weigh In On Burford Capital
Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC boosted its position in shares of Burford Capital by 1,687.7% during the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock worth $26,000 after acquiring an additional 2,751 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in Burford Capital during the fourth quarter valued at approximately $53,000. Strs Ohio bought a new stake in Burford Capital during the first quarter worth $55,000. Insigneo Advisory Services LLC acquired a new stake in shares of Burford Capital in the 4th quarter valued at $93,000. Finally, Equitable Holdings Inc. acquired a new stake in shares of Burford Capital in the 4th quarter valued at $94,000.
Burford Capital Announces Dividend
The company also recently disclosed a dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.0625 per share. This represents a yield of 147.0%. The ex-dividend date is Friday, May 22nd. Burford Capital’s dividend payout ratio is presently -1.64%.
Burford Capital Company Profile
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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