Janus Henderson Group PLC Lowers Holdings in Burford Capital Limited $BUR

Janus Henderson Group PLC decreased its holdings in Burford Capital Limited (NYSE:BUR) by 85.9% in the first quarter, HoldingsChannel.com reports. The fund owned 179,773 shares of the company’s stock after selling 1,097,704 shares during the quarter. Janus Henderson Group PLC’s holdings in Burford Capital were worth $773,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Burford Capital by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,261 shares of the company’s stock worth $1,575,000 after purchasing an additional 5,229 shares in the last quarter. Millennium Management LLC boosted its stake in Burford Capital by 2,967.7% in the 1st quarter. Millennium Management LLC now owns 657,283 shares of the company’s stock worth $8,683,000 after purchasing an additional 635,857 shares during the period. Goldman Sachs Group Inc. grew its holdings in Burford Capital by 14.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,206,303 shares of the company’s stock valued at $15,935,000 after buying an additional 152,792 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Burford Capital by 8.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,562 shares of the company’s stock valued at $6,058,000 after buying an additional 35,541 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Burford Capital by 369.9% during the first quarter. Jane Street Group LLC now owns 201,950 shares of the company’s stock valued at $2,667,000 after buying an additional 158,973 shares during the last quarter.

Burford Capital Trading Down 2.9%

Shares of BUR stock opened at $4.29 on Tuesday. The company has a market cap of $942.00 million, a PE ratio of -0.56, a price-to-earnings-growth ratio of 0.05 and a beta of 1.25. Burford Capital Limited has a 1 year low of $3.59 and a 1 year high of $14.14. The stock’s 50 day simple moving average is $4.25 and its two-hundred day simple moving average is $5.90. The company has a debt-to-equity ratio of 1.64, a current ratio of 9.56 and a quick ratio of 9.56.

Burford Capital (NYSE:BUR) last announced its earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The company had revenue of $110.68 million during the quarter, compared to analysts’ expectations of $103.08 million. Burford Capital had a return on equity of 10.24% and a net margin of 15.14%.During the same quarter last year, the firm posted $0.39 EPS. Research analysts predict that Burford Capital Limited will post 2.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BUR. Zacks Research raised shares of Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Wedbush raised their target price on shares of Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Burford Capital in a report on Friday. B. Riley Financial reiterated a “buy” rating on shares of Burford Capital in a research note on Thursday, May 14th. Finally, Wall Street Zen raised shares of Burford Capital from a “strong sell” rating to a “sell” rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Burford Capital currently has a consensus rating of “Hold” and an average price target of $9.33.

Burford Capital Profile

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.