GSA Capital Partners LLP Has $1.92 Million Holdings in Borr Drilling Limited (NYSE:BORR)

GSA Capital Partners LLP lifted its position in shares of Borr Drilling Limited (NYSE:BORR) by 17.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 280,584 shares of the company’s stock after purchasing an additional 42,650 shares during the quarter. GSA Capital Partners LLP owned approximately 0.18% of Borr Drilling worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Capital International Investors boosted its stake in Borr Drilling by 38.3% in the fourth quarter. Capital International Investors now owns 13,007,254 shares of the company’s stock worth $96,318,000 after purchasing an additional 3,604,908 shares in the last quarter. Fiera Capital Corp boosted its stake in Borr Drilling by 61.0% in the fourth quarter. Fiera Capital Corp now owns 2,513,733 shares of the company’s stock worth $18,501,000 after purchasing an additional 952,030 shares in the last quarter. GeoSphere Capital Management LLC acquired a new position in Borr Drilling in the fourth quarter worth $5,152,000. Capital International Sarl acquired a new position in Borr Drilling in the fourth quarter worth $2,555,000. Finally, Simplicity Wealth LLC acquired a new position in Borr Drilling in the first quarter worth $623,000. Institutional investors and hedge funds own 83.12% of the company’s stock.

Borr Drilling Price Performance

Borr Drilling stock traded up $0.07 on Wednesday, reaching $6.32. The company’s stock had a trading volume of 205,987 shares, compared to its average volume of 2,016,315. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $974.44 million, a price-to-earnings ratio of 36.88 and a beta of 3.07. The business’s fifty day moving average price is $6.22 and its 200 day moving average price is $6.35. Borr Drilling Limited has a twelve month low of $5.19 and a twelve month high of $9.01.

Borr Drilling (NYSE:BORR) last released its earnings results on Thursday, May 23rd. The company reported $0.06 earnings per share for the quarter. The company had revenue of $234.00 million during the quarter. Borr Drilling had a return on equity of 4.62% and a net margin of 5.27%.

Borr Drilling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.33%. Borr Drilling’s payout ratio is currently 58.82%.

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.