The stock of Burford Capital Limited (NYSE:BUR) last traded at $9.13, up 2.82% from the previous session.
Data from the available sources indicates that Burford Capital Limited (NYSE:BUR) is covered by 2 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $11.26, we find $13.13. Given the previous closing price of $8.88, this indicates a potential upside of 47.86 percent. BUR stock price is now 5.65% away from the 50-day moving average and 3.13% away from the 200-day moving average. The market capitalization of the company currently stands at $2.00B.
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In total, 0 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $13.13 as their price target over the next twelve months.
With the price target of $15, B. Riley Securities recently initiated with Buy rating for Burford Capital Limited (NYSE: BUR). On June 04, 2021, Wedbush recently initiated its ‘Outperform’ rating on the stock quoting a target price of $15.
Insiders disposed of 2,882,108 shares of company stock worth roughly $26.31 million over the past 1 year. A total of 14.09% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BUR stock. A new stake in Burford Capital Limited shares was purchased by GLUSKIN SHEFF & ASSOC INC during the first quarter worth $4,344,000. AMUNDI invested $255,000 in shares of BUR during the first quarter. In the first quarter, GROUP ONE TRADING, L.P. acquired a new stake in Burford Capital Limited valued at approximately $245,000. DCF ADVISERS, LLC acquired a new stake in BUR for approximately $237,000. CLEAR STREET MARKETS LLC purchased a new stake in BUR valued at around $223,000 in the second quarter. In total, there are 165 active investors with 72.11% ownership of the company’s stock.
With an opening price of $8.82 on Monday morning, Burford Capital Limited (NYSE: BUR) set off the trading day. During the past 12 months, Burford Capital Limited has had a low of $6.93 and a high of $11.20. The fifty day moving average price for BUR is $8.64 and a two-hundred day moving average price translates $8.85 for the stock.
The latest earnings results from Burford Capital Limited (NYSE: BUR) was released for Jun, 2022.
Moreover, the firm recently paid out its quarterly dividend on 12/01/2022. Investors who held shares on 11/04/2022 were paid a $0.0625 dividend.
Burford Capital Limited(BUR) Company Profile
Burford Capital Limited, through its subsidiaries, provides legal finance products and services. The company offers asset management services, including core legal finance, complex strategies, and post-settlement finance. The company was incorporated in 2009 and is based in Saint Peter Port, Guernsey.
