Burford Capital Limited (NYSE:BUR) Given Consensus Rating of “Hold” by Brokerages

Shares of Burford Capital Limited (NYSE:BUR) have been given a consensus rating of “Hold” by the five ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $16.00.

BUR has been the topic of several analyst reports. B. Riley Financial reaffirmed a “buy” rating and issued a $18.00 target price (down from $20.00) on shares of Burford Capital in a report on Tuesday, November 11th. Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Wedbush started coverage on Burford Capital in a research report on Friday, February 20th. They set an “outperform” rating and a $14.00 target price on the stock. Bank of America started coverage on Burford Capital in a research note on Wednesday, February 18th. They set a “buy” rating for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Burford Capital in a report on Monday, December 29th.

Hedge Funds Weigh In On Burford Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in shares of Burford Capital by 1,687.7% in the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $26,000 after purchasing an additional 2,751 shares in the last quarter. CWM LLC grew its position in Burford Capital by 131.3% during the second quarter. CWM LLC now owns 3,625 shares of the company’s stock worth $52,000 after buying an additional 2,058 shares during the period. Quadrant Capital Group LLC purchased a new position in Burford Capital in the fourth quarter valued at about $53,000. Strs Ohio acquired a new stake in shares of Burford Capital during the 1st quarter valued at approximately $55,000. Finally, KBC Group NV acquired a new stake in shares of Burford Capital during the 2nd quarter valued at approximately $70,000.

Burford Capital Stock Performance

Shares of BUR opened at $9.34 on Wednesday. The stock has a market capitalization of $2.04 billion, a P/E ratio of 24.58, a P/E/G ratio of 0.17 and a beta of 0.58. The company has a debt-to-equity ratio of 0.67, a quick ratio of 14.99 and a current ratio of 14.99. Burford Capital has a 1 year low of $8.19 and a 1 year high of $15.73. The company’s fifty day moving average is $9.38 and its two-hundred day moving average is $10.57.

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.