SG Americas Securities LLC Has $332,000 Stock Holdings in Borr Drilling Limited (NYSE:BORR)

SG Americas Securities LLC raised its stake in Borr Drilling Limited (NYSE:BORR) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,255 shares of the company’s stock after purchasing an additional 5,500 shares during the quarter. SG Americas Securities LLC’s holdings in Borr Drilling were worth $332,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Salvus Wealth Management LLC bought a new position in shares of Borr Drilling in the fourth quarter valued at $59,000. Ballentine Partners LLC acquired a new stake in Borr Drilling in the fourth quarter valued at $83,000. Westend Capital Management LLC bought a new position in shares of Borr Drilling in the 4th quarter valued at about $86,000. Sei Investments Co. bought a new position in shares of Borr Drilling in the 2nd quarter valued at about $99,000. Finally, SCP Investment LP acquired a new position in shares of Borr Drilling during the 3rd quarter worth about $158,000. Institutional investors and hedge funds own 83.12% of the company’s stock.

Borr Drilling Trading Up 3.7 %

Shares of NYSE:BORR opened at $3.50 on Wednesday. Borr Drilling Limited has a 52-week low of $3.22 and a 52-week high of $7.26. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $882.77 million, a P/E ratio of 10.59 and a beta of 2.84. The company has a 50-day simple moving average of $3.68 and a 200 day simple moving average of $4.78.

Borr Drilling (NYSE:BORR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The business had revenue of $241.60 million during the quarter. Borr Drilling had a net margin of 8.70% and a return on equity of 8.50%.

Borr Drilling Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, November 29th. Borr Drilling’s dividend payout ratio is 30.30%.

About Borr Drilling

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.