Burford Capital (NYSE:BUR) Now Covered by Analysts at Bank of America

Bank of America started coverage on shares of Burford Capital (NYSE:BUR) in a research note published on Wednesday, Marketbeat.com reports. The firm issued a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded Burford Capital from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Burford Capital in a research note on Monday, December 29th. B. Riley Financial restated a “buy” rating and set a $18.00 target price (down from $20.00) on shares of Burford Capital in a research report on Tuesday, November 11th. Finally, Zacks Research upgraded shares of Burford Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Burford Capital has a consensus rating of “Hold” and a consensus target price of $18.00.

Burford Capital Stock Performance

Shares of BUR stock opened at $9.79 on Wednesday. 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 50 day simple moving average of $9.35 and a 200-day simple moving average of $10.68. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 0.16 and a beta of 0.58. Burford Capital has a 12-month low of $8.19 and a 12-month high of $15.73.

Institutional Investors Weigh In On Burford Capital

Large investors have recently bought and sold shares of the stock. Orbis Allan Gray Ltd lifted its position in shares of Burford Capital by 31.1% in the fourth quarter. Orbis Allan Gray Ltd now owns 12,051,544 shares of the company’s stock valued at $107,500,000 after acquiring an additional 2,859,722 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Burford Capital by 2.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 9,418,521 shares of the company’s stock valued at $107,170,000 after purchasing an additional 229,979 shares during the last quarter. Bank of Montreal Can lifted its holdings in Burford Capital by 24.8% in the 4th quarter. Bank of Montreal Can now owns 6,779,231 shares of the company’s stock valued at $60,471,000 after purchasing an additional 1,346,663 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Burford Capital by 34.3% during the 2nd quarter. Invesco Ltd. now owns 6,078,537 shares of the company’s stock worth $86,680,000 after purchasing an additional 1,551,357 shares during the last quarter. Finally, Cooke & Bieler LP grew its holdings in shares of Burford Capital by 31.0% during the fourth quarter. Cooke & Bieler LP now owns 5,194,551 shares of the company’s stock worth $46,335,000 after buying an additional 1,228,328 shares in the last quarter.

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.