Burford Capital Limited (NYSE:BUR) Short Interest Down 17.5% in September

Burford Capital Limited (NYSE:BUR) saw a large decrease in short interest in September. As of September 30th, there was short interest totalling 5,980,000 shares, a decrease of 17.5% from the September 15th total of 7,250,000 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily volume of 654,700 shares, the short-interest ratio is currently 9.1 days.

Analyst Ratings Changes

BUR has been the topic of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a report on Friday, August 9th. Jefferies Financial Group reiterated a “buy” rating and issued a $22.50 price target on shares of Burford Capital in a report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Burford Capital in a research note on Friday, September 6th. They set a “buy” rating and a $18.00 target price for the company.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BUR. Amalgamated Bank acquired a new position in Burford Capital in the second quarter worth approximately $90,000. Xponance Inc. acquired a new position in shares of Burford Capital in the 2nd quarter valued at $166,000. Paloma Partners Management Co purchased a new position in Burford Capital in the 1st quarter worth about $192,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Burford Capital during the 1st quarter worth about $238,000. Finally, Principal Financial Group Inc. purchased a new stake in Burford Capital during the second quarter valued at about $256,000.

Burford Capital Trading Down 0.4 %

Shares of NYSE BUR opened at $13.52 on Wednesday. The company has a current ratio of 11.01, a quick ratio of 11.01 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 9.45 and a beta of 0.53. Burford Capital has a 12-month low of $12.07 and a 12-month high of $16.77. The stock’s 50 day simple moving average is $13.17 and its 200 day simple moving average is $13.90.

Burford Capital (NYSE:BUR) last posted its earnings results on Thursday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). The firm had revenue of $159.65 million for the quarter, compared to analyst estimates of $153.00 million. Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. Equities research analysts expect that Burford Capital will post 1.09 EPS for the current year.

Burford Capital Announces Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, December 5th. Stockholders of record on Friday, November 1st will be given a dividend of $0.063 per share. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Friday, November 1st. Burford Capital’s dividend payout ratio (DPR) is presently 8.39%.

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.