Burford Capital Limited (NYSE:BUR) Short Interest Update

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

Burford Capital Stock Performance

Burford Capital stock traded up $0.19 during midday trading on Tuesday, reaching $12.89. 1,051,788 shares of the stock traded hands, compared to its average volume of 994,646. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average price of $13.36 and a two-hundred day moving average price of $13.64. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 11.11 and a beta of 0.70. Burford Capital has a fifty-two week low of $11.17 and a fifty-two week high of $15.73.

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

Hedge Funds Weigh In On Burford Capital

Several large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Burford Capital by 0.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 91,025 shares of the company's stock valued at $1,166,000 after acquiring an additional 676 shares during the period. Russell Investments Group Ltd. grew its position in Burford Capital by 3.7% in the fourth quarter. Russell Investments Group Ltd. now owns 24,888 shares of the company's stock valued at $317,000 after purchasing an additional 888 shares in the last quarter. Rhumbline Advisers raised its position in Burford Capital by 0.4% during the fourth quarter. Rhumbline Advisers now owns 296,650 shares of the company's stock worth $3,782,000 after acquiring an additional 1,249 shares in the last quarter. Xponance Inc. increased its holdings in shares of Burford Capital by 9.7% in the fourth quarter. Xponance Inc. now owns 14,381 shares of the company's stock valued at $183,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in shares of Burford Capital by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 20,962 shares of the company's stock worth $267,000 after purchasing an additional 1,331 shares during the period.

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.