The latest update is out from Burford Capital ( (GB:BUR) ).
Burford Capital Limited is urging shareholders to disregard the recommendation by Institutional Shareholder Services (ISS) to vote against the re-election of directors Christopher Halmy and Robert Gillespie. The company argues that ISS’s recommendation is based on a misunderstanding of facts and emphasizes the directors’ significant contributions, including overseeing Burford’s successful transition to a US domestic public company. Glass Lewis supports the re-election of both directors, highlighting their qualifications and the successful engagement with the SEC that solidified Burford’s industry leadership.
Spark’s Take on GB:BUR Stock
According to Spark, TipRanks’ AI Analyst, GB:BUR is a Neutral.
Burford Capital’s overall score is driven by a solid balance sheet with no debt and positive earnings call outcomes, indicating strong financial health and future prospects. However, the operational challenges and technical analysis suggest caution, as potential bearish momentum could impact short-term performance.
To see Spark’s full report on GB:BUR stock, click here.
More about Burford Capital
Burford Capital Limited operates in the legal finance industry, providing litigation finance and risk management services. It is recognized as the first publicly-traded legal finance company in the US, with a significant market presence on the New York Stock Exchange.
YTD Price Performance: -1.06%
Average Trading Volume: 173,936
Technical Sentiment Signal: Hold
Current Market Cap: £2.25B
See more data about BUR stock on TipRanks’ Stock Analysis page.