Short Interest in Burford Capital Limited (NYSE:BUR) Decreases By 27.6%

Burford Capital Limited (NYSE:BUR – Get Rating) saw a large decrease in short interest in April. As of April 30th, there was short interest totalling 1,520,000 shares, a decrease of 27.6% from the April 15th total of 2,100,000 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 944,300 shares, the days-to-cover ratio is currently 1.6 days.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Burford Capital in a research note on Wednesday, April 12th. StockNews.com assumed coverage on Burford Capital in a research note on Thursday, March 16th. They issued a “hold” rating on the stock.

Burford Capital Stock Performance

BUR opened at $13.45 on Monday. The firm has a market cap of $2.95 billion and a price-to-earnings ratio of -112.08. The stock’s 50-day moving average price is $11.50 and its 200 day moving average price is $9.43. Burford Capital has a 12-month low of $6.09 and a 12-month high of $13.85.

Burford Capital Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 26th will be given a $0.0625 dividend. This represents a yield of 3.6%. The ex-dividend date of this dividend is Thursday, May 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Citigroup Inc. grew its stake in Burford Capital by 273,700.0% during the 1st quarter. Citigroup Inc. now owns 2,738 shares of the company’s stock worth $25,000 after buying an additional 2,737 shares during the last quarter. Clear Street Markets LLC acquired a new stake in Burford Capital during the 1st quarter worth approximately $99,000. Financial Management Professionals Inc. lifted its position in Burford Capital by 19.2% during the 1st quarter. Financial Management Professionals Inc. now owns 9,842 shares of the company’s stock worth $109,000 after acquiring an additional 1,586 shares during the period. ExodusPoint Capital Management LP acquired a new stake in Burford Capital during the 1st quarter worth approximately $115,000. Finally, Vanderbilt University acquired a new stake in Burford Capital during the 1st quarter worth approximately $124,000. Hedge funds and other institutional investors own 2.04% of the company’s stock.

Burford Capital Company Profile

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Burford Capital Ltd. engages in the provision of investment capital, asset management, financing, and risk solutions with a focus on the legal sector. It operates through following segments: Capital Provision, Asset Management, and Services and Other Corporate. The Capital Provision segment includes direct where the company provide capital directly to clients, and indirect where it offers capital by investing through funds that the company manage.