Burford Capital Limited (NYSE:BUR) Short Interest Update

Burford Capital Limited (NYSE:BUR) was the target of a large 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. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is presently 2.3 days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and set a $22.50 price objective on shares of Burford Capital in a research note on Tuesday.

Burford Capital Trading Up 3.7 %

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

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

Hedge Funds Weigh In On Burford Capital

Large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in Burford Capital by 75.8% during the third quarter. Public Employees Retirement System of Ohio now owns 105,950 shares of the company’s stock valued at $1,485,000 after purchasing an additional 45,693 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Burford Capital in the fourth quarter worth $2,419,000. Aigen Investment Management LP purchased a new position in shares of Burford Capital in the fourth quarter worth $384,000. SG Americas Securities LLC purchased a new position in shares of Burford Capital in the fourth quarter worth $180,000. Finally, Aristides Capital LLC purchased a new position in shares of Burford Capital in the fourth quarter worth $780,000.

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.