Lloyd Harbor Capital Management LLC Buys New Holdings in Borr Drilling Limited (NYSE:BORR)

Lloyd Harbor Capital Management LLC purchased a new position in Borr Drilling Limited (NYSE:BORR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,338,380 shares of the company's stock, valued at approximately $5,220,000. Borr Drilling comprises 3.4% of Lloyd Harbor Capital Management LLC's investment portfolio, making the stock its 15th biggest position. Lloyd Harbor Capital Management LLC owned 0.53% of Borr Drilling as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Encompass Capital Advisors LLC bought a new position in shares of Borr Drilling during the 4th quarter valued at $10,718,000. Concentric Capital Strategies LP purchased a new position in Borr Drilling in the fourth quarter worth about $1,612,000. Bank of America Corp DE boosted its position in Borr Drilling by 169.1% in the fourth quarter. Bank of America Corp DE now owns 486,808 shares of the company's stock worth $1,899,000 after purchasing an additional 305,935 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Borr Drilling during the 4th quarter valued at about $127,000. Finally, 4WEALTH Advisors Inc. purchased a new stake in shares of Borr Drilling during the 4th quarter valued at about $385,000. 83.12% of the stock is owned by institutional investors.

Borr Drilling Stock Performance

NYSE BORR traded down $0.05 during trading hours on Thursday, hitting $1.83. 3,177,361 shares of the company's stock traded hands, compared to its average volume of 3,760,913. Borr Drilling Limited has a 52 week low of $1.62 and a 52 week high of $7.26. The firm has a market capitalization of $437.94 million, a P/E ratio of 5.72 and a beta of 1.77. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. The business's fifty day moving average price is $2.02 and its two-hundred day moving average price is $3.04.

Borr Drilling (NYSE:BORR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $247.78 million.

Borr Drilling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Monday, March 3rd. Borr Drilling's dividend 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.