Janus Henderson Group PLC Sells 189,196 Shares of Burford Capital Limited (NYSE:BUR)

Janus Henderson Group PLC lowered its position in shares of Burford Capital Limited (NYSE:BUR) by 12.6% in the first quarter, HoldingsChannel reports. The fund owned 1,307,919 shares of the company’s stock after selling 189,196 shares during the period. Janus Henderson Group PLC’s holdings in Burford Capital were worth $20,545,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BUR. Mithaq Capital SPC bought a new stake in Burford Capital in the 4th quarter valued at approximately $355,631,000. M&G Plc bought a new position in Burford Capital during the first quarter worth $18,108,000. Baillie Gifford & Co. raised its position in shares of Burford Capital by 112.7% in the first quarter. Baillie Gifford & Co. now owns 1,327,511 shares of the company’s stock valued at $20,845,000 after purchasing an additional 703,518 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Burford Capital by 9.2% during the 4th quarter. Teacher Retirement System of Texas now owns 6,700,000 shares of the company’s stock worth $104,520,000 after buying an additional 565,000 shares during the period. Finally, Weiss Asset Management LP acquired a new position in Burford Capital in the 4th quarter valued at about $3,207,000.

Burford Capital Stock Up 1.8 %

Shares of BUR stock opened at $14.12 on Thursday. Burford Capital Limited has a one year low of $12.07 and a one year high of $17.70. The business’s 50 day simple moving average is $13.63 and its 200 day simple moving average is $14.55. The company has a current ratio of 14.17, a quick ratio of 14.17 and a debt-to-equity ratio of 0.58.

Burford Capital (NYSE:BUR) last issued its earnings results on Monday, May 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.59). Burford Capital had a net margin of 42.81% and a return on equity of 10.61%. The firm had revenue of $44.30 million during the quarter, compared to the consensus estimate of $206.00 million. As a group, equities analysts anticipate that Burford Capital Limited will post 1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and issued a $22.50 price target on shares of Burford Capital in a research note 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.