Burford Capital Limited (NYSE:BUR) Short Interest Down 5.5% in August

Burford Capital Limited (NYSE:BUR) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 7,030,000 shares, a drop of 5.5% from the August 15th total of 7,440,000 shares. Based on an average daily trading volume, of 1,300,000 shares, the short-interest ratio is presently 5.4 days. Approximately 3.7% of the shares of the stock are short sold.

Burford Capital Stock Up 1.5 %

Shares of NYSE:BUR opened at $13.44 on Wednesday. The stock’s 50-day moving average price is $13.30 and its 200-day moving average price is $14.09. Burford Capital has a 12-month low of $12.07 and a 12-month high of $16.77. The stock has a market capitalization of $2.94 billion, a P/E ratio of 9.40 and a beta of 0.53. The company has a current ratio of 11.01, a quick ratio of 11.01 and a debt-to-equity ratio of 0.55.

Burford Capital (NYSE:BUR) last announced its quarterly earnings data 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). Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. The company had revenue of $159.65 million for the quarter, compared to the consensus estimate of $153.00 million. On average, equities analysts anticipate that Burford Capital will post 1.1 earnings per share for the current year.

Burford Capital Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank bought a new position in shares of Burford Capital during the second quarter valued at about $90,000. ADAR1 Capital Management LLC bought a new stake in shares of Burford Capital in the fourth quarter worth about $165,000. Paloma Partners Management Co bought a new stake in shares of Burford Capital in the first quarter worth about $192,000. Xponance Inc. bought a new stake in shares of Burford Capital in the second quarter worth about $166,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Burford Capital in the first quarter worth about $238,000.

Analyst Upgrades and Downgrades

BUR has been the topic of a number of research reports. Jefferies Financial Group restated a “buy” rating and set a $22.50 price target on shares of Burford Capital in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Burford Capital in a research report on Friday, September 6th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Wedbush restated an “outperform” rating and set a $18.00 price target on shares of Burford Capital in a research report on Friday, August 9th.

About Burford Capital

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.