Burford Capital (NYSE:BUR) Stock Rating Lowered by Zacks Research

Burford Capital (NYSE:BUR) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a report on Thursday, May 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Burford Capital in a report on Friday. Wedbush raised their price objective on shares of Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft cut shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Burford Capital from a “strong sell” rating to a “sell” rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.33.

Burford Capital Stock Performance

Shares of NYSE BUR opened at $4.33 on Monday. Burford Capital has a 1 year low of $3.59 and a 1 year high of $14.14. The firm has a market cap of $951.88 million, a P/E ratio of -0.56, a PEG ratio of 0.05 and a beta of 1.25. The stock has a fifty day moving average price of $4.25 and a two-hundred day moving average price of $5.86. The company has a debt-to-equity ratio of 1.64, a quick ratio of 9.56 and a current ratio of 9.56.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The firm had revenue of $110.68 million during the quarter, compared to the consensus estimate of $103.08 million. Burford Capital had a return on equity of 10.24% and a net margin of 15.14%.During the same period in the prior year, the firm posted $0.39 EPS. Research analysts forecast that Burford Capital will post 2.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Burford Capital

A number of large investors have recently made changes to their positions in the company. Central Pacific Bank Trust Division lifted its position in shares of Burford Capital by 64.5% in the 2nd quarter. Central Pacific Bank Trust Division now owns 41,163 shares of the company’s stock valued at $169,000 after acquiring an additional 16,135 shares in the last quarter. Amundi grew its position in Burford Capital by 16.7% during the 1st quarter. Amundi now owns 334,092 shares of the company’s stock worth $1,510,000 after purchasing an additional 47,797 shares in the last quarter. Empowered Funds LLC grew its position in Burford Capital by 6.0% during the 1st quarter. Empowered Funds LLC now owns 761,609 shares of the company’s stock worth $3,442,000 after purchasing an additional 42,951 shares in the last quarter. London Co. of Virginia raised its stake in Burford Capital by 2.7% during the 1st quarter. London Co. of Virginia now owns 108,582 shares of the company’s stock valued at $491,000 after purchasing an additional 2,874 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Burford Capital by 15.2% during the 1st quarter. Renaissance Technologies LLC now owns 958,500 shares of the company’s stock valued at $4,332,000 after purchasing an additional 126,500 shares during the period.

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.