SG Americas Securities LLC Has $438,000 Position in Borr Drilling Limited (NYSE:BORR)

SG Americas Securities LLC increased its position in Borr Drilling Limited (NYSE:BORR) by 40.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,755 shares of the company’s stock after buying an additional 22,943 shares during the quarter. SG Americas Securities LLC owned 0.05% of Borr Drilling worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors increased its stake in shares of Borr Drilling by 35.4% in the first quarter. Capital International Investors now owns 17,608,781 shares of the company’s stock valued at $116,834,000 after buying an additional 4,601,527 shares during the period. Bank of New York Mellon Corp increased its position in Borr Drilling by 28.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 827,121 shares of the company’s stock valued at $5,335,000 after purchasing an additional 180,910 shares during the period. Capital International Inc. CA increased its position in Borr Drilling by 19.5% during the 1st quarter. Capital International Inc. CA now owns 2,646,820 shares of the company’s stock valued at $18,131,000 after purchasing an additional 431,861 shares during the period. Covestor Ltd increased its position in Borr Drilling by 31,600.0% during the 1st quarter. Covestor Ltd now owns 5,706 shares of the company’s stock valued at $39,000 after purchasing an additional 5,688 shares during the period. Finally, Goehring & Rozencwajg Associates LLC increased its position in Borr Drilling by 10.7% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 975,052 shares of the company’s stock valued at $6,289,000 after purchasing an additional 94,300 shares during the period. Institutional investors and hedge funds own 83.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI raised shares of Borr Drilling from an “in-line” rating to an “outperform” rating and set a $9.00 target price for the company in a research report on Friday, September 13th.

Borr Drilling Stock Performance

NYSE:BORR opened at $5.26 on Thursday. The company has a market capitalization of $801.39 million, a PE ratio of 30.91 and a beta of 2.99. Borr Drilling Limited has a fifty-two week low of $5.09 and a fifty-two week high of $7.61. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.57 and a current ratio of 1.57. The company has a 50 day simple moving average of $5.75 and a two-hundred day simple moving average of $6.02.

Borr Drilling (NYSE:BORR) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.12 EPS for the quarter. The company had revenue of $271.90 million during the quarter. Borr Drilling had a net margin of 8.15% and a return on equity of 7.69%.

Borr Drilling Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 7.61%. The ex-dividend date was Thursday, August 22nd. Borr Drilling’s dividend payout ratio (DPR) is 58.82%.

Borr Drilling Company 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.