Federated Hermes Inc. Decreases Holdings in Burford Capital Limited $BUR

Federated Hermes Inc. reduced its stake in shares of Burford Capital Limited (NYSE:BUR) by 70.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,280 shares of the company’s stock after selling 141,633 shares during the quarter. Federated Hermes Inc.’s holdings in Burford Capital were worth $697,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. CWM LLC boosted its stake in shares of Burford Capital by 131.3% in the second quarter. CWM LLC now owns 3,625 shares of the company’s stock valued at $52,000 after purchasing an additional 2,058 shares during the period. Strs Ohio bought a new stake in shares of Burford Capital in the first quarter worth $55,000. KBC Group NV bought a new position in shares of Burford Capital during the second quarter worth about $70,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Burford Capital during the 3rd quarter valued at approximately $120,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Burford Capital during the third quarter worth $124,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Burford Capital from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. B. Riley Financial reiterated a “buy” rating and set a $18.00 price objective (down from $20.00) on shares of Burford Capital in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Burford Capital in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.00.

Burford Capital Stock Performance

NYSE:BUR opened at $8.93 on Friday. The company has a current ratio of 14.99, a quick ratio of 14.99 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.95 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 0.15 and a beta of 0.58. The firm has a 50 day moving average of $9.33 and a 200-day moving average of $10.90. Burford Capital Limited has a 1 year low of $8.19 and a 1 year high of $15.73.

Burford Capital (NYSE:BUR) last announced its earnings results on Wednesday, November 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.39). Burford Capital had a return on equity of 2.71% and a net margin of 18.42%.The company had revenue of $69.80 million during the quarter, compared to the consensus estimate of $136.03 million. As a group, sell-side analysts anticipate that Burford Capital Limited will post 1.28 EPS for the current fiscal year.

Burford Capital Company Profile

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.