Jane Street Group LLC Grows Stock Position in Borr Drilling Limited (NYSE:BORR)

Jane Street Group LLC lifted its position in Borr Drilling Limited (NYSE:BORR - Free Report) by 842.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,949,508 shares of the company's stock after buying an additional 1,742,670 shares during the period. Jane Street Group LLC owned about 0.77% of Borr Drilling worth $7,603,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BORR. Cyrus Capital Partners L.P. purchased a new stake in Borr Drilling in the 4th quarter worth approximately $585,000. Northern Trust Corp raised its position in shares of Borr Drilling by 4.6% during the fourth quarter. Northern Trust Corp now owns 1,475,256 shares of the company's stock valued at $5,753,000 after buying an additional 64,992 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Borr Drilling during the fourth quarter valued at approximately $748,000. Pingora Partners LLC purchased a new position in shares of Borr Drilling in the fourth quarter worth $335,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Borr Drilling by 18.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 92,070 shares of the company's stock worth $360,000 after acquiring an additional 14,546 shares during the last quarter. Hedge funds and other institutional investors own 83.12% of the company's stock.

Borr Drilling Price Performance

NYSE BORR traded up $0.05 on Wednesday, reaching $1.90. The company had a trading volume of 1,778,736 shares, compared to its average volume of 3,747,721. The stock has a market capitalization of $454.69 million, a PE ratio of 5.94 and a beta of 1.77. Borr Drilling Limited has a 12 month low of $1.62 and a 12 month high of $7.26. 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 firm's 50 day moving average price is $2.03 and its 200 day moving average price is $3.05.

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

Borr Drilling Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Monday, March 3rd. Borr Drilling's payout ratio is 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.