Burford Capital (NYSE:BUR) Stock Price Up 4.2% – Here’s What Happened

Burford Capital Limited (NYSE:BUR)’s share price rose 4.2% during mid-day trading on Friday . The company traded as high as $4.36 and last traded at $4.3250. 170,199 shares traded hands during trading, a decline of 94% from the average session volume of 2,900,937 shares. The stock had previously closed at $4.15.

Wall Street Analysts Forecast Growth

BUR has been the subject of a number of research reports. Weiss Ratings cut shares of Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft lowered shares of Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price objective on the stock. in a report on Monday, May 11th. Wall Street Zen cut shares of Burford Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. B. Riley Financial restated a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Finally, Wedbush increased their price target on Burford Capital from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Burford Capital currently has a consensus rating of “Hold” and a consensus price target of $9.33.

Burford Capital Price Performance

The company has a debt-to-equity ratio of 1.59, a quick ratio of 13.72 and a current ratio of 13.72. The business has a 50 day simple moving average of $4.31 and a 200-day simple moving average of $6.33. The firm has a market cap of $910.24 million, a price-to-earnings ratio of -0.57, a P/E/G ratio of 0.05 and a beta of 1.26.

Hedge Funds Weigh In On Burford Capital

A number of hedge funds have recently bought and sold shares of the company. Aberdeen Group plc grew its position in Burford Capital by 26.8% in the 4th quarter. Aberdeen Group plc now owns 2,357,279 shares of the company’s stock worth $21,027,000 after purchasing an additional 497,780 shares in the last quarter. SG Americas Securities LLC increased its stake in Burford Capital by 3,454.8% in the 4th quarter. SG Americas Securities LLC now owns 874,259 shares of the company’s stock valued at $7,798,000 after buying an additional 849,665 shares during the last quarter. KBC Group NV lifted its position in shares of Burford Capital by 8,916.0% during the 1st quarter. KBC Group NV now owns 640,497 shares of the company’s stock worth $2,895,000 after buying an additional 633,393 shares in the last quarter. Greenhaven Road Investment Management L.P. lifted its position in shares of Burford Capital by 16.4% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 1,865,312 shares of the company’s stock worth $16,639,000 after buying an additional 262,500 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of Burford Capital by 181.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 217,931 shares of the company’s stock worth $985,000 after buying an additional 140,595 shares during the last quarter.

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.