Burford Capital (NYSE:BUR) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Burford Capital (NYSE:BUR) in a report released on Tuesday, Benzinga reports. The brokerage currently has a $22.50 price target on the stock.

Burford Capital Stock Up 3.7 %

BUR opened at $13.01 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 14.17 and a quick ratio of 14.17. Burford Capital has a fifty-two week low of $11.83 and a fifty-two week high of $17.70. The company’s 50 day moving average price is $14.28 and its two-hundred day moving average price is $14.69.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.59). The business had revenue of $44.30 million during the quarter, compared to the consensus estimate of $206.00 million. Burford Capital had a return on equity of 10.61% and a net margin of 42.81%. As a group, sell-side analysts anticipate that Burford Capital will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On Burford Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Steamboat Capital Partners LLC raised its holdings in Burford Capital by 1.7% during the 1st quarter. Steamboat Capital Partners LLC now owns 43,663 shares of the company’s stock worth $697,000 after purchasing an additional 727 shares during the last quarter. Anchor Investment Management LLC bought a new position in Burford Capital during the fourth quarter worth $31,000. Quantbot Technologies LP lifted its holdings in Burford Capital by 5.2% in the first quarter. Quantbot Technologies LP now owns 42,576 shares of the company’s stock valued at $680,000 after buying an additional 2,120 shares during the period. Black Maple Capital Management LP boosted its position in Burford Capital by 2.3% during the fourth quarter. Black Maple Capital Management LP now owns 156,751 shares of the company’s stock valued at $2,445,000 after acquiring an additional 3,514 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in Burford Capital by 24.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 22,426 shares of the company’s stock worth $350,000 after acquiring an additional 4,415 shares during the period.

Burford Capital Company Profile

Burford Capital Limited 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; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.