Burford Capital (NYSE:BUR) Now Covered by Analysts at B. Riley

B. Riley initiated coverage on shares of Burford Capital (NYSE:BUR – Get Rating) in a research note issued on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $15.00 price target on the stock. B. Riley’s target price would indicate a potential upside of 96.08% from the company’s previous close.

Separately, Zacks Investment Research raised shares of Burford Capital from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Friday, April 1st.

Shares of Burford Capital stock traded up $0.17 on Friday, reaching $7.65. The stock had a trading volume of 1,004 shares, compared to its average volume of 266,648. Burford Capital has a 1 year low of $7.24 and a 1 year high of $12.56. The business’s 50 day moving average is $9.00 and its two-hundred day moving average is $9.71.

Several hedge funds have recently bought and sold shares of the stock. Citigroup Inc. grew its position in Burford Capital by 273,700.0% during the first quarter. Citigroup Inc. now owns 2,738 shares of the company’s stock valued at $25,000 after acquiring an additional 2,737 shares during the last quarter. Morgan Stanley grew its position in Burford Capital by 134.8% during the first quarter. Morgan Stanley now owns 3,146 shares of the company’s stock valued at $28,000 after acquiring an additional 1,806 shares during the last quarter. Schroder Investment Management Group grew its position in Burford Capital by 12.0% during the third quarter. Schroder Investment Management Group now owns 10,173 shares of the company’s stock valued at $61,000 after acquiring an additional 1,091 shares during the last quarter. Guardian Wealth Management Inc. bought a new position in Burford Capital during the fourth quarter valued at approximately $64,000. Finally, Financial Management Professionals Inc. grew its position in Burford Capital by 91.6% during the fourth quarter. Financial Management Professionals Inc. now owns 7,281 shares of the company’s stock valued at $77,000 after acquiring an additional 3,480 shares during the last quarter.

Burford Capital Company Profile (Get Rating)

Burford Capital Limited, together with its subsidiaries, provides legal finance products and services. The company offers asset management services, including core legal finance, complex strategies, and post-settlement finance. The company was incorporated in 2009 and is based in Saint Peter Port, Guernsey.

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