Burford Capital Limited (NYSE:BUR) Short Interest Update

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

Burford Capital Trading Up 1.4 %

Burford Capital stock opened at $13.05 on Monday. The stock has a 50-day moving average price of $14.37 and a 200 day moving average price of $14.70. Burford Capital has a 52 week low of $11.78 and a 52 week high of $17.70. The company has a current ratio of 14.17, a quick ratio of 14.17 and a debt-to-equity ratio of 0.58.

Burford Capital (NYSE:BUR) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.59). The company 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%. On average, analysts expect that Burford Capital will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Burford Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sona Asset Management US LLC acquired a new stake in Burford Capital in the 1st quarter worth about $3,194,000. Paloma Partners Management Co acquired a new stake in Burford Capital in the 1st quarter worth about $192,000. M&G Plc acquired a new stake in Burford Capital in the 1st quarter worth about $18,108,000. Steamboat Capital Partners LLC boosted its stake in Burford Capital by 1.7% in the 1st quarter. Steamboat Capital Partners LLC now owns 43,663 shares of the company’s stock worth $697,000 after buying an additional 727 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in Burford Capital by 5.2% in the 1st quarter. Quantbot Technologies LP now owns 42,576 shares of the company’s stock worth $680,000 after buying an additional 2,120 shares during the last quarter.

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.