Burford Capital Limited (NYSE:BUR) Short Interest Update

Burford Capital Limited (NYSE:BUR) saw a large growth in short interest in June. As of June 15th, there was short interest totalling 2,490,000 shares, a growth of 16.4% from the May 31st total of 2,140,000 shares. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is currently 2.3 days. Currently, 1.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Burford Capital

Several institutional investors have recently added to or reduced their stakes in the business. First Hawaiian Bank purchased a new stake in Burford Capital in the second quarter valued at approximately $399,000. Sona Asset Management US LLC purchased a new stake in Burford Capital in the first quarter valued at approximately $3,194,000. Paloma Partners Management Co purchased a new stake in Burford Capital in the first quarter valued at approximately $192,000. M&G Plc purchased a new stake in Burford Capital in the first quarter valued at approximately $18,108,000. Finally, Steamboat Capital Partners LLC increased its holdings in shares of Burford Capital by 1.7% in the first quarter. Steamboat Capital Partners LLC now owns 43,663 shares of the company’s stock valued at $697,000 after purchasing an additional 727 shares during the period.

Burford Capital Stock Up 3.7 %

Shares of NYSE:BUR opened at $13.01 on Wednesday. The business has a 50-day moving average price of $14.28 and a 200 day moving average price of $14.69. Burford Capital has a 12-month low of $11.83 and a 12-month high of $17.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 14.17 and a quick ratio of 14.17.

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

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and set a $22.50 price target on shares of Burford Capital in a report on Tuesday.

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.