Streetbeat News

BUR

Burford Capital Limited

https://www.burfordcapital.com

Industry

Asset Management

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.

Open

13.78

Mkt cap

3.1B

Volume

2.1M

High

14.54

P/E Ratio

8.10

52-wk high

16.77

Low

13.31

Div yield

0.01

52-wk low

12.07

Deutsche Bank has initiated coverage on Burford Capital with a Buy rating and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 11:38 am

Wedbush analyst David Chiaverini has reiterated an Outperform rating on Burford Capital (NYSE:BUR) and maintained a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:50 pm

Burford Capital (NYSE:BUR) reported Q2 2024 earnings per share (EPS) of $0.24, missing the analyst consensus estimate of $0.34 by 29.41%. However, the company reported quarterly sales of $159.653 million, beating the estimate of $153.000 million by 4.35%. This represents a significant improvement over the same period last year, with EPS increasing by 340% and sales by 258.36%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:10 am

Shares of companies within the broader financial sector are trading lower amid overall weakness following concerns about recently issued US economic data.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:52 pm

Burford Capital is expected to realize a gain from its investment in the arbitration process involving Sundance Resources and the Republic of Congo. A conditional settlement has been announced, potentially ending the dispute by the end of Q3. The original claim was over $8.5 billion.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 7:45 pm

Burford Capital is expected to join the Russell 3000 and 2000 Indexes at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective July 1, 2024. This marks a significant milestone as Burford is the first legal finance firm to achieve this.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:04 pm

TeraWulf Inc. reported disappointing Q1 results, leading to a 9.3% drop in pre-market trading. Other companies like StoneCo, TMC the metals company, MMTec, Kingsoft Cloud, Cognyte Software, Ginkgo Bioworks, Maplebear, and Burford Capital also saw pre-market declines after various announcements.

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 9:24 am

Seritage Growth Properties reported a Q1 loss, leading to a significant drop in its pre-market stock price. Other companies like Vitesse Energy, Chimera Investment, Fortrea Holdings, and several others also experienced declines in pre-market trading due to various reasons including disappointing earnings, reverse stock splits, and downgrades by analysts.

Portfolio Pulse from Avi Kapoor

May 13, 2024 | 12:31 pm

Burford Capital announced the issuance of 533,066 new ordinary shares in connection with its 2016 Long Term Incentive Plan on April 8, 2024. This move is part of the company's strategy to incentivize and retain key employees.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:28 am

Burford Capital's shares surged following the announcement of their fiscal year 2023 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:39 am

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