Burford Capital Limited (NYSE:BUR) Sees Large Drop in Short Interest

Burford Capital Limited (NYSE:BUR - Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 3,310,000 shares, a decline of 20.2% from the April 30th total of 4,150,000 shares. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 1.8% of the company's stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BUR. SG Americas Securities LLC raised its stake in Burford Capital by 302.4% during the fourth quarter. SG Americas Securities LLC now owns 30,926 shares of the company's stock valued at $394,000 after buying an additional 23,241 shares during the last quarter. Blue Trust Inc. raised its stake in Burford Capital by 87.6% during the fourth quarter. Blue Trust Inc. now owns 14,575 shares of the company's stock valued at $193,000 after buying an additional 6,806 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Burford Capital by 0.4% in the 4th quarter. Rhumbline Advisers now owns 296,650 shares of the company's stock worth $3,782,000 after purchasing an additional 1,249 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Burford Capital in the 4th quarter worth $171,000. Finally, Mraz Amerine & Associates Inc. increased its holdings in shares of Burford Capital by 12.8% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 139,527 shares of the company's stock worth $1,779,000 after purchasing an additional 15,868 shares in the last quarter.

Burford Capital Stock Up 3.1%

NYSE:BUR traded up $0.40 during trading hours on Thursday, reaching $13.16. 1,218,430 shares of the company traded hands, compared to its average volume of 995,390. The business's 50-day moving average price is $13.33 and its two-hundred day moving average price is $13.62. The stock has a market capitalization of $2.88 billion, a P/E ratio of 11.34 and a beta of 0.59. Burford Capital has a 1 year low of $11.17 and a 1 year high of $15.73. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.16). The company had revenue of $118.86 million for the quarter, compared to analysts' expectations of $157.00 million. Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. Analysts predict that Burford Capital will post 1.28 earnings per share for the current year.

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.