Burford Capital (NYSE:BUR) Trading 4.2% Higher – Should You Buy?

Burford Capital Limited (NYSE:BUR) shares shot up 4.2% during mid-day trading on Friday . The company traded as high as $4.36 and last traded at $4.3250. 170,199 shares traded hands during trading, a decline of 94% from the average session volume of 2,900,937 shares. The stock had previously closed at $4.15.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research raised Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Weiss Ratings cut shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Wedbush boosted their target price on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Wall Street Zen downgraded Burford Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.33.

Burford Capital Trading Up 3.5%

The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59. The company has a market cap of $940.91 million, a PE ratio of -0.59, a price-to-earnings-growth ratio of 0.05 and a beta of 1.26. The business has a 50-day simple moving average of $4.32 and a 200-day simple moving average of $6.34.

Institutional Trading of Burford Capital

A number of institutional investors and hedge funds have recently bought and sold shares of BUR. Aberdeen Group plc lifted its stake in Burford Capital by 26.8% during the fourth quarter. Aberdeen Group plc now owns 2,357,279 shares of the company’s stock worth $21,027,000 after purchasing an additional 497,780 shares during the last quarter. SG Americas Securities LLC boosted its stake in Burford Capital by 3,454.8% during the 4th quarter. SG Americas Securities LLC now owns 874,259 shares of the company’s stock worth $7,798,000 after purchasing an additional 849,665 shares during the period. Greenhaven Road Investment Management L.P. boosted its stake in shares of Burford Capital by 16.4% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 1,865,312 shares of the company’s stock worth $16,639,000 after buying an additional 262,500 shares during the period. Langdon Equity Partners acquired a new stake in Burford Capital during the 4th quarter worth approximately $19,661,000. Finally, Y Intercept Hong Kong Ltd grew its position in Burford Capital by 181.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 217,931 shares of the company’s stock valued at $985,000 after buying an additional 140,595 shares during the last quarter.

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.