Burford Capital Limited (NYSE:BUR) is one of the stocks that will double in 2026. Earlier on November 11, B. Riley analyst Timothy D’Agostino lowered the firm’s price target on Burford Capital to $18 from $20 with a Buy rating on the shares. This sentiment followed the company’s Q3 2025 earnings report. D’Agostino believes that the recent decline in the stock price offers an attractive entry point for investors. In its Q3 report, Burford Capital announced achieving a significant increase in definitive co ...

We came across a bullish thesis on Burford Capital Limited on TripleS Special Situations’s Substack. In this article, we will summarize the bulls’ thesis on BUR. Burford Capital Limited's share was trading at $9.32 as of December 2nd. BUR’s trailing and forward P/E were 23.93 and 9.68 respectively according to Yahoo Finance. Investments, Finance Burford Capital Limited provides legal finance products and services worldwide and operates in two segments, Principal Finance, and Asset Management and Other Se ...

Group 1 - Archer-Daniels-Midland Company (ADM) has been added to the Zacks Rank 5 (Strong Sell) List due to a 13% downward revision in the consensus estimate for its current year earnings over the last 60 days [1] - Associated British Foods plc (ASBFY) is also on the Zacks Rank 5 (Strong Sell) List, with a 22.2% downward revision in the consensus estimate for its current year earnings over the last 60 days [1] - Burford Capital Limited (BUR) has seen a 20.7% downward revision in the consensus estimate for its current year earnings over the last 60 days, leading to its inclusion in the Zacks Rank 5 (Strong Sell) List [2]

Financial Performance - GAAP consolidated net income/(loss) was $(20) million in 3Q25 and $122 million in YTD25[17] - Net income attributable to Burford Capital Limited shareholders was $(19) million in 3Q25 and $100 million in YTD25[17] - New definitive commitments of $637 million in YTD25, up 52% compared to YTD24[24] - Deployments of $329 million in YTD25, up 20% compared to YTD24[24] - Realizations of $310 million in YTD25, were down from $388 million in YTD24[24] - Cash and marketable securities were $740 million as of September 30, 2025, up from $521 million as of December 31, 2024[102] Portfolio and YPF Cases - Group-wide portfolio fair value and undrawn commitments totaled $7.5 billion as of September 30, 2025[20, 22] - Fair value of YPF-related assets was $1.7 billion as of September 30, 2025[27] - The company believes YPF-related assets will ultimately deliver a ten-figure recovery for Burford[27] London Listing - NYSE share registration increased from 40% in June 2023 to 70% in September 2025, while LSE share registration decreased from 60% to 30%[45]

Group 1: Alphyn Capital Management Overview - Alphyn Capital Management's Master Account returned 3.0% net in Q3 2025, compared to 8.1% for the S&P 500 Index [1] - As of Q3 2025, the top ten holdings accounted for approximately 68% of the portfolio, with around 17% held in cash [1] - The market narrative in the quarter was influenced by AI advancements, credit cycles, and geopolitical uncertainty [1] Group 2: Burford Capital Limited Analysis - Burford Capital Limited (NYSE:BUR) experienced a one-month return of -6.77% and a 52-week loss of 17.23%, closing at $11.29 per share with a market capitalization of $2.47 billion on October 27, 2025 [2] - The share price performance of Burford Capital is significantly affected by the $16 billion YPF judgment against Argentina, with a turnover order issued by US District Judge Preska [3] - The US Department of Justice filed an amicus curiae brief arguing that seizing a sovereign nation's controlling stake would violate principles of sovereign immunity, leading to a stay of Judge Preska's order by the US Second Circuit Court of Appeals [3]

Core Insights - Legal finance is evolving into a strategic resource that helps businesses manage risk and unlock capital tied up in legal claims, particularly amid increasing complexity in business disputes [3][2] - Burford Capital's latest Burford Quarterly highlights the importance of legal finance in providing liquidity and offsetting risks across various sectors, including pharmaceuticals and construction [2][3] Group 1: Legal Finance Trends - The current landscape of business disputes is characterized by complex litigation, regulatory scrutiny, and cross-border challenges, necessitating innovative legal finance solutions [3] - Legal finance is increasingly recognized as a strategic tool for companies to manage litigation costs and support growth, especially in the pharmaceutical sector facing significant legal expenses [6][2] - Rising project complexity and supply chain disruptions in the construction industry are leading to an increase in high-value disputes, prompting parties to seek arbitration and innovative financing solutions [6][2] Group 2: Collective Actions and Legal Finance - The UK’s opt-out collective actions regime has matured since the Consumer Rights Act 2015, with legal finance playing a crucial role in enabling claims to proceed despite high costs and risks [6] - Legal finance is expected to remain essential as policymakers consider expanding collective redress mechanisms to address new areas of harm [6]

Financial Performance - Consolidated GAAP net income was $105 million in 2Q25 and $142 million in YTD25[17] - Net income attributable to Burford Capital Limited shareholders was $88 million in 2Q25 and $119 million in YTD25[17] - Cash receipts were $48 million in 2Q25 and $306 million in YTD25, up 25% from YTD24[19] - Capital provision income was $155 million in 2Q25 and $246 million in YTD25, up 79% from YTD24[23, 27] - Net income was $039 per diluted share in 2Q25 and $053 per diluted share in YTD25, nearly 5x compared to YTD24[23, 27] Portfolio and New Business - New definitive commitments were $361 million in 2Q25, significantly higher than any quarter in the past two years[23] - New definitive commitments were $518 million in YTD25, up 71% from YTD24[23, 96] - Portfolio base (cost basis + definitive undrawn commitments) was up 15% in YTD25[18, 96] - Group-wide portfolio was $75 billion as of June 30, 2025[20] Liquidity and Debt - Cash and marketable securities were $440 million as of June 30, 2025[24, 83] - Debt payable was $1780 million as of June 30, 2025[24, 94]

Core Insights - Burford Capital's latest Burford Quarterly highlights the transformative role of legal finance in litigation, shifting it from a cost burden to a strategic business tool [2][4] - The publication emphasizes how legal finance is unlocking hidden value and empowering General Counsels (GCs) to act as strategic value creators for their organizations [2][4] Industry Trends - Affirmative recovery programs are emerging as strategic initiatives that align legal claims with business goals, enhancing liquidity through plaintiff-side litigation [3] - The role of GCs is evolving from legal advisors to strategic partners, focusing on boosting liquidity and driving enterprise value [6] Data Insights - Recent data indicates that 73% of in-house lawyers have reported increased revenue from patent monetization over the past decade, showcasing the growing importance of legal finance in unlocking portfolio value [6] - Legal finance is becoming increasingly central in London, which remains a global hub for commercial disputes, as discussed in a recent Burford Capital roundtable [6]

Core Viewpoint - Burford Capital Limited has provided an update regarding the removal of proposed tax provisions related to litigation finance from the US Senate's budget reconciliation bill, which has now been adopted without these provisions [1][2]. Company Overview - Burford Capital is a leading global finance and asset management firm focused on law, offering services in litigation finance, risk management, asset recovery, and various legal finance and advisory activities [3]. - The company is publicly traded on both the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR), and operates through a global network of offices [3].

Core Viewpoint - Burford Capital Limited provides an update regarding proposed tax provisions related to litigation finance in the US Senate's draft budget reconciliation bill, highlighting significant changes in tax rates and potential revenue estimates [1][2]. Tax Provisions Update - The proposed tax rate for litigation finance has been reduced to 31.8% from 40.8%, and the withholding tax rate on gains has been lowered to 15.9% from 50% of the tax rate applied to gross proceeds [2]. - The nonpartisan Joint Committee on Taxation has revised its revenue estimates for the tax provisions over the next decade to $1.4 billion, down from previous estimates of $3.5 billion [2]. Legislative Uncertainty - The Senate is still debating the legislation, with several procedural and political uncertainties surrounding both the litigation finance provisions and the overall bill, making the outcome unpredictable [3]. - Burford Capital is currently unable to assess the potential impact of these provisions on its future tax position if enacted in their current form [3]. Company Overview - Burford Capital is a leading global finance and asset management firm focused on law, involved in litigation finance, risk management, asset recovery, and various legal finance and advisory activities [4]. - The company is publicly traded on both the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR), operating through a global network of offices [4].