Janney Montgomery Scott LLC Invests $130,000 in Borr Drilling Limited (NYSE:BORR)

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

A number of other hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC grew its position in shares of Borr Drilling by 6.9% during the fourth quarter. SG Americas Securities LLC now owns 85,255 shares of the company’s stock worth $332,000 after buying an additional 5,500 shares in the last quarter. Ballentine Partners LLC acquired a new position in Borr Drilling in the fourth quarter worth $83,000. Westend Capital Management LLC acquired a new position in Borr Drilling in the fourth quarter worth $86,000. Salvus Wealth Management LLC acquired a new position in Borr Drilling in the fourth quarter worth $59,000. Finally, JPMorgan Chase & Co. boosted its holdings in Borr Drilling by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 432,893 shares of the company’s stock worth $2,377,000 after purchasing an additional 7,682 shares during the period. Institutional investors and hedge funds own 83.12% of the company’s stock.

Borr Drilling Stock Performance

Borr Drilling stock opened at $3.27 on Friday. The company has a market cap of $824.67 million, a PE ratio of 9.89 and a beta of 2.84. The company has a fifty day moving average price of $3.63 and a two-hundred day moving average price of $4.64. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.41 and a quick ratio of 1.41. Borr Drilling Limited has a 12 month low of $3.16 and a 12 month high of $7.26.

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.