Burford Capital (BUR) to Release Quarterly Earnings on Wednesday

Burford Capital (NYSE:BUR) is set to release its earnings data before the market opens on Wednesday, September 13th. Analysts expect Burford Capital to post earnings of $0.32 per share for the quarter.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Tuesday, June 13th. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.91. The firm had revenue of $380.91 million during the quarter, compared to the consensus estimate of $113.70 million. On average, analysts expect Burford Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Burford Capital Stock Performance

Shares of NYSE BUR opened at $13.48 on Wednesday. Burford Capital has a one year low of $6.09 and a one year high of $14.50. The business’s 50-day moving average price is $13.11 and its two-hundred day moving average price is $12.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.31 and a current ratio of 6.31.

Analysts Set New Price Targets

A number of equities analysts recently commented on BUR shares. Berenberg Bank assumed coverage on Burford Capital in a report on Thursday, June 22nd. They set a “buy” rating for the company. StockNews.com initiated coverage on shares of Burford Capital in a research note on Wednesday, August 23rd. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Burford Capital

Several institutional investors have recently modified their holdings of BUR. Walleye Capital LLC purchased a new position in Burford Capital during the 2nd quarter worth $314,000. Goldman Sachs Group Inc. lifted its position in Burford Capital by 125.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 528,766 shares of the company’s stock worth $6,440,000 after acquiring an additional 293,888 shares during the period. Lazard Asset Management LLC acquired a new stake in Burford Capital during the 2nd quarter worth about $31,000. Marshall Wace LLP lifted its position in Burford Capital by 146.5% during the 2nd quarter. Marshall Wace LLP now owns 137,066 shares of the company’s stock worth $1,669,000 after acquiring an additional 81,466 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Burford Capital by 70.3% in the 2nd quarter. Renaissance Technologies LLC now owns 305,787 shares of the company’s stock valued at $3,724,000 after buying an additional 126,187 shares during the period.

Burford Capital Company Profile

Burford Capital Limited, through its subsidiaries, provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds.