Janney Montgomery Scott LLC Purchases New Stake in Borr Drilling Limited (NYSE:BORR)

Janney Montgomery Scott LLC purchased a new stake in Borr Drilling Limited (NYSE:BORR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 33,442 shares of the company’s stock, valued at approximately $130,000.

Several other hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in Borr Drilling by 6.9% in the fourth quarter. SG Americas Securities LLC now owns 85,255 shares of the company’s stock valued at $332,000 after buying an additional 5,500 shares during the period. Ballentine Partners LLC acquired a new stake in Borr Drilling in the fourth quarter valued at approximately $83,000. Westend Capital Management LLC acquired a new stake in Borr Drilling in the fourth quarter valued at approximately $86,000. Salvus Wealth Management LLC acquired a new stake in Borr Drilling in the fourth quarter valued at approximately $59,000. Finally, JPMorgan Chase & Co. grew its position in Borr Drilling by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 432,893 shares of the company’s stock valued at $2,377,000 after acquiring an additional 7,682 shares in the last quarter. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Borr Drilling Stock Up 2.4 %

Shares of NYSE:BORR opened at $3.27 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.91. Borr Drilling Limited has a 52-week low of $3.16 and a 52-week high of $7.26. The company has a 50 day moving average of $3.63 and a two-hundred day moving average of $4.64. The company has a market capitalization of $824.67 million, a price-to-earnings ratio of 9.89 and a beta of 2.84.

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.