Jump Financial LLC Invests $725,000 in Borr Drilling Limited (NYSE:BORR)

Jump Financial LLC acquired a new stake in shares of Borr Drilling Limited (NYSE:BORR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 185,881 shares of the company's stock, valued at approximately $725,000. Jump Financial LLC owned approximately 0.07% of Borr Drilling as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BORR. Sterling Capital Management LLC boosted its position in Borr Drilling by 828.2% during the 4th quarter. Sterling Capital Management LLC now owns 7,593 shares of the company's stock valued at $30,000 after acquiring an additional 6,775 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Borr Drilling during the fourth quarter valued at about $59,000. Salvus Wealth Management LLC purchased a new position in Borr Drilling in the fourth quarter valued at about $59,000. CacheTech Inc. bought a new position in Borr Drilling in the fourth quarter worth about $81,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Borr Drilling during the fourth quarter valued at about $83,000. 83.12% of the stock is owned by hedge funds and other institutional investors.

Borr Drilling Stock Down 0.3 %

Shares of Borr Drilling stock opened at $1.80 on Wednesday. Borr Drilling Limited has a 52-week low of $1.62 and a 52-week high of $7.26. The firm's 50 day moving average price is $2.31 and its 200-day moving average price is $3.39. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.91. The company has a market cap of $429.56 million, a P/E ratio of 5.61 and a beta of 2.22.

Borr Drilling (NYSE:BORR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%. The business had revenue of $263.10 million for the quarter, compared to analyst estimates of $247.78 million.

Borr Drilling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.02 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.08 annualized dividend and a dividend yield of 4.46%. Borr Drilling's dividend payout ratio (DPR) is currently 31.25%.

Borr Drilling Profile

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.

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