Jump Financial LLC Takes Position in Borr Drilling Limited (NYSE:BORR)

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

A number of other large investors also recently bought and sold shares of BORR. Renaissance Technologies LLC boosted its holdings in Borr Drilling by 5,369.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,509,600 shares of the company's stock valued at $5,887,000 after acquiring an additional 1,482,000 shares during the period. Rovida Investment Management Ltd purchased a new stake in shares of Borr Drilling in the 4th quarter worth $5,070,000. Tejara Capital Ltd lifted its holdings in shares of Borr Drilling by 46.8% in the 4th quarter. Tejara Capital Ltd now owns 2,201,589 shares of the company's stock worth $8,418,000 after buying an additional 701,478 shares during the period. Barclays PLC lifted its holdings in shares of Borr Drilling by 92.8% in the 4th quarter. Barclays PLC now owns 1,385,690 shares of the company's stock worth $5,405,000 after buying an additional 667,153 shares during the period. Finally, FIL Ltd lifted its holdings in shares of Borr Drilling by 2.4% in the 4th quarter. FIL Ltd now owns 11,593,801 shares of the company's stock worth $45,216,000 after buying an additional 267,791 shares during the period. Hedge funds and other institutional investors own 83.12% of the company's stock.

Borr Drilling Stock Down 4.4 %

Shares of BORR traded down $0.09 during trading hours on Monday, hitting $1.85. The company had a trading volume of 3,413,565 shares, compared to its average volume of 3,586,429. The company has a market capitalization of $441.53 million, a PE ratio of 5.77 and a beta of 2.22. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. Borr Drilling Limited has a one year low of $1.62 and a one year high of $7.26. The company's fifty day moving average price is $2.21 and its two-hundred day moving average price is $3.28.

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

Borr Drilling Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend was Monday, March 3rd. Borr Drilling's dividend payout ratio is currently 31.25%.

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.