Simplicity Solutions LLC Acquires 9,896 Shares of Borr Drilling Limited (NYSE:BORR)

Simplicity Solutions LLC boosted its holdings in Borr Drilling Limited (NYSE:BORR) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,027 shares of the company’s stock after buying an additional 9,896 shares during the period. Simplicity Solutions LLC owned approximately 0.06% of Borr Drilling worth $641,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC increased its position in Borr Drilling by 12.8% in the 4th quarter. Bleakley Financial Group LLC now owns 87,027 shares of the company’s stock worth $641,000 after buying an additional 9,896 shares during the period. Deutsche Bank AG increased its position in Borr Drilling by 7.0% in the 3rd quarter. Deutsche Bank AG now owns 261,284 shares of the company’s stock worth $1,855,000 after buying an additional 17,134 shares during the period. Tudor Investment Corp Et Al increased its position in Borr Drilling by 15.2% in the 3rd quarter. Tudor Investment Corp Et Al now owns 389,183 shares of the company’s stock worth $2,763,000 after buying an additional 51,418 shares during the period. Tejara Capital Ltd increased its position in Borr Drilling by 18.8% in the 3rd quarter. Tejara Capital Ltd now owns 1,219,305 shares of the company’s stock worth $8,657,000 after buying an additional 192,649 shares during the period. Finally, GSA Capital Partners LLP increased its position in Borr Drilling by 462.7% in the 3rd quarter. GSA Capital Partners LLP now owns 420,062 shares of the company’s stock worth $2,982,000 after buying an additional 345,405 shares during the period. 83.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Evercore ISI dropped their price target on Borr Drilling from $10.00 to $9.00 and set an “in-line” rating on the stock in a research report on Friday, February 23rd.

Borr Drilling Stock Performance

BORR opened at $5.73 on Thursday. The stock has a market cap of $873.77 million, a PE ratio of 71.63 and a beta of 3.02. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.65. Borr Drilling Limited has a 1 year low of $5.55 and a 1 year high of $9.01. The stock’s 50 day simple moving average is $6.34 and its 200-day simple moving average is $6.52.

Borr Drilling (NYSE:BORR) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $220.60 million for the quarter. Borr Drilling had a return on equity of 2.38% and a net margin of 2.86%.

Borr Drilling Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.47%. The ex-dividend date was Friday, March 1st.

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.