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

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

Institutional Investors Weigh In On Burford Capital

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

Burford Capital Trading Down 0.4 %

Shares of BUR opened at $13.52 on Wednesday. The stock has a fifty day moving average of $13.17 and a two-hundred day moving average of $13.90. The company has a debt-to-equity ratio of 0.55, a quick ratio of 11.01 and a current ratio of 11.01. The company has a market capitalization of $2.96 billion, a PE ratio of 9.45 and a beta of 0.53. Burford Capital has a fifty-two week low of $12.07 and a fifty-two week high of $16.77.

Burford Capital (NYSE:BUR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $153.00 million. As a group, analysts forecast that Burford Capital will post 1.09 EPS for the current year.

Burford Capital Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, November 1st. This represents a dividend yield of 2%. Burford Capital’s payout ratio is 8.39%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Burford Capital in a research report on Friday, September 6th. They issued a “buy” rating and a $18.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a research report on Friday, August 9th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $22.50 price target on shares of Burford Capital in a research report on Tuesday, July 2nd.

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.