Linden Advisors LP acquired a new position in shares of Borr Drilling Limited (NYSE:BORR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,620,841 shares of the company's stock, valued at approximately $6,321,000. Linden Advisors LP owned about 0.64% of Borr Drilling at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in BORR. Sterling Capital Management LLC boosted its holdings in shares of Borr Drilling by 828.2% in the fourth quarter. Sterling Capital Management LLC now owns 7,593 shares of the company's stock valued at $30,000 after purchasing an additional 6,775 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Borr Drilling in the fourth quarter valued at approximately $59,000. Salvus Wealth Management LLC purchased a new stake in shares of Borr Drilling in the fourth quarter valued at approximately $59,000. Natixis purchased a new stake in shares of Borr Drilling in the fourth quarter valued at approximately $58,000. Finally, CacheTech Inc. purchased a new stake in shares of Borr Drilling in the fourth quarter valued at approximately $81,000. 83.12% of the stock is owned by institutional investors.
Borr Drilling Trading Down 2.7%
Shares of NYSE BORR traded down $0.05 during trading hours on Thursday, reaching $1.83. The stock had a trading volume of 3,177,361 shares, compared to its average volume of 3,770,307. 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 firm has a market cap of $437.94 million, a price-to-earnings ratio of 5.72 and a beta of 1.77. The business's fifty day moving average price is $2.02 and its two-hundred day moving average price is $3.04. Borr Drilling Limited has a 52-week low of $1.62 and a 52-week high of $7.26.
Borr Drilling (NYSE:BORR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The company had revenue of $263.10 million for the quarter, compared to analysts' expectations of $247.78 million. Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%.
Borr Drilling Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.02 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.08 dividend on an annualized basis and a yield of 4.37%. Borr Drilling's dividend payout ratio is currently 31.25%.
About Borr Drilling
(
Free Report)
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.
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