Burford Capital (NYSE:BUR) Rating Reiterated by Jefferies Financial Group

Burford Capital (NYSE:BUR)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $22.50 price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 74.01% from the stock’s current price.

Burford Capital Stock Down 0.6 %

Shares of NYSE BUR opened at $12.93 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 14.17 and a current ratio of 14.17. Burford Capital has a 12 month low of $11.83 and a 12 month high of $17.70. The company has a 50 day simple moving average of $14.23 and a two-hundred day simple moving average of $14.68.

Burford Capital (NYSE:BUR) last posted its earnings results on Monday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.59). Burford Capital had a net margin of 42.81% and a return on equity of 10.61%. The firm had revenue of $44.30 million during the quarter, compared to analyst estimates of $206.00 million. As a group, research analysts expect that Burford Capital will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On Burford Capital

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in shares of Burford Capital by 75.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 105,950 shares of the company’s stock valued at $1,485,000 after purchasing an additional 45,693 shares during the period. Jump Financial LLC acquired a new position in shares of Burford Capital in the 4th quarter valued at $2,419,000. Aigen Investment Management LP purchased a new stake in Burford Capital in the 4th quarter worth $384,000. SG Americas Securities LLC purchased a new stake in Burford Capital in the 4th quarter worth $180,000. Finally, Aristides Capital LLC purchased a new stake in Burford Capital in the 4th quarter worth $780,000.

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.