Burford Capital (NYSE:BUR) Shares Down 8.9% – Time to Sell?

Shares of Burford Capital Limited (NYSE:BUR) traded down 8.9% during mid-day trading on Thursday. The stock traded as low as $3.31 and last traded at $3.3250. 1,085,729 shares were traded during trading, a decline of 58% from the average daily volume of 2,600,617 shares. The stock had previously closed at $3.65.

Analyst Upgrades and Downgrades

A number of research firms have commented on BUR. Wedbush set a $3.25 target price on Burford Capital and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings cut Burford Capital from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, November 4th. Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Finally, Wall Street Zen raised Burford Capital from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Burford Capital currently has an average rating of “Hold” and a consensus target price of $4.12.

Burford Capital Trading Down 8.6%

The company has a quick ratio of 11.94, a current ratio of 11.94 and a debt-to-equity ratio of 1.53. The business has a 50-day simple moving average of $3.73 and a 200-day simple moving average of $5.19. The company has a market cap of $732.35 million, a PE ratio of -0.44 and a beta of 1.29.

Burford Capital (NYSE:BUR) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned ($0.09) earnings per share. On average, analysts predict that Burford Capital Limited will post 1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Burford Capital

Several hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new position in Burford Capital during the 3rd quarter valued at about $73,000. Focus Advisor Solutions LLC grew its position in Burford Capital by 121.5% in the 3rd quarter. Focus Advisor Solutions LLC now owns 41,048 shares of the company’s stock valued at $161,000 after acquiring an additional 22,515 shares in the last quarter. Aberdeen Group plc increased its stake in Burford Capital by 6.0% during the third quarter. Aberdeen Group plc now owns 2,893,942 shares of the company’s stock worth $11,344,000 after purchasing an additional 162,759 shares during the period. Russell Investments Group Ltd. increased its stake in Burford Capital by 81.3% during the third quarter. Russell Investments Group Ltd. now owns 301,340 shares of the company’s stock worth $1,181,000 after purchasing an additional 135,156 shares during the period. Finally, R Squared Ltd purchased a new stake in Burford Capital during the third quarter worth about $115,000.

About Burford Capital

Burford Capital is a global legal finance company that provides funding and related services to businesses and law firms involved in commercial legal claims. Its offerings include financing for litigation and arbitration costs, portfolio financing for groups of legal matters, and capital solutions that let clients access the potential value of legal claims before they are resolved. The company also provides services related to legal risk management and asset recovery, and manages investment vehicles focused on legal finance.