Janus Henderson Group PLC Sells 1,097,704 Shares of Burford Capital Limited $BUR

Key Points

• Janus Henderson Group cut its Burford Capital stake by 85.9%, selling 1,097,704 shares and retaining 179,773 shares valued at approximately $773,000.
• Institutional sentiment was mixed: several major investors increased their positions, while analyst ratings averaged “Hold” with an average price target of $9.33.
• Burford shares opened at $4.29, near the lower end of their 52-week range, after the company reported quarterly EPS of $0.01—below the $0.08 consensus estimate—despite revenue exceeding expectations.

Janus Henderson Group PLC lowered its stake in Burford Capital Limited (NYSE:BUR - Free Report) by 85.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,773 shares of the company's stock after selling 1,097,704 shares during the quarter. Janus Henderson Group PLC owned 0.08% of Burford Capital worth $773,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd raised its stake in Burford Capital by 31.1% during the 4th quarter. Orbis Allan Gray Ltd now owns 12,051,544 shares of the company's stock valued at $107,500,000 after buying an additional 2,859,722 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Burford Capital by 2.5% in the third quarter. Ameriprise Financial Inc. now owns 9,418,521 shares of the company's stock worth $107,170,000 after acquiring an additional 229,979 shares during the period. Bank of Montreal Can increased its position in Burford Capital by 24.8% during the fourth quarter. Bank of Montreal Can now owns 6,779,231 shares of the company's stock valued at $60,471,000 after acquiring an additional 1,346,663 shares during the last quarter. Cooke & Bieler LP increased its position in Burford Capital by 31.0% during the fourth quarter. Cooke & Bieler LP now owns 5,194,551 shares of the company's stock valued at $46,335,000 after acquiring an additional 1,228,328 shares during the last quarter. Finally, Greenlea Lane Capital Management LLC increased its position in Burford Capital by 325.4% during the second quarter. Greenlea Lane Capital Management LLC now owns 3,362,322 shares of the company's stock valued at $45,724,000 after acquiring an additional 2,571,917 shares during the last quarter.

Analyst Upgrades and Downgrades

BUR has been the topic of several research reports. Wall Street Zen raised Burford Capital from a "strong sell" rating to a "sell" rating in a research report on Saturday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Burford Capital in a research report on Friday. Zacks Research upgraded shares of Burford Capital from a "strong sell" rating to a "hold" rating in a research note on Friday, May 8th. B. Riley Financial reissued a "buy" rating on shares of Burford Capital in a report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Burford Capital from a "buy" rating to a "hold" rating and set a $5.00 target price for the company. in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Burford Capital presently has an average rating of "Hold" and an average target price of $9.33.

Burford Capital Trading Down 2.9%

Burford Capital stock opened at $4.29 on Tuesday. Burford Capital Limited has a 12-month low of $3.59 and a 12-month high of $14.14. The firm has a market capitalization of $942.00 million, a price-to-earnings ratio of -0.56, a P/E/G ratio of 0.05 and a beta of 1.25. The firm has a 50 day moving average of $4.25 and a 200 day moving average of $5.90. The company has a current ratio of 9.56, a quick ratio of 9.56 and a debt-to-equity ratio of 1.64.

Burford Capital (NYSE:BUR - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). The firm had revenue of $110.68 million for the quarter, compared to analysts' expectations of $103.08 million. Burford Capital had a net margin of 15.14% and a return on equity of 10.24%. During the same period in the prior year, the firm earned $0.39 EPS. As a group, research analysts predict that Burford Capital Limited will post 2.13 earnings per share for the current year.

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.

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