Cyrus Capital Partners L.P. Acquires Shares of 150,000 Borr Drilling Limited (NYSE:BORR)

Cyrus Capital Partners L.P. bought a new position in shares of Borr Drilling Limited (NYSE:BORR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the company's stock, valued at approximately $585,000. Borr Drilling accounts for 0.2% of Cyrus Capital Partners L.P.'s holdings, making the stock its 5th largest position. Cyrus Capital Partners L.P. owned 0.06% of Borr Drilling as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp grew its holdings in Borr Drilling by 4.6% in the fourth quarter. Northern Trust Corp now owns 1,475,256 shares of the company's stock worth $5,753,000 after purchasing an additional 64,992 shares during the last quarter. Optiver Holding B.V. purchased a new position in Borr Drilling during the 4th quarter worth $748,000. Pingora Partners LLC acquired a new position in Borr Drilling during the 4th quarter valued at about $335,000. Price T Rowe Associates Inc. MD raised its stake in Borr Drilling by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 92,070 shares of the company's stock valued at $360,000 after buying an additional 14,546 shares during the last quarter. Finally, SIH Partners LLLP acquired a new stake in Borr Drilling in the fourth quarter worth about $1,010,000. Institutional investors own 83.12% of the company's stock.

Borr Drilling Stock Down 3.1 %

Shares of BORR traded down $0.06 during mid-day trading on Friday, hitting $1.72. 4,662,068 shares of the company traded hands, compared to its average volume of 3,659,136. The company has a market capitalization of $410.41 million, a PE ratio of 5.36 and a beta of 2.22. Borr Drilling Limited has a 1-year low of $1.62 and a 1-year high of $7.26. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.91. The business has a 50 day moving average of $2.12 and a 200 day moving average of $3.21.

Borr Drilling (NYSE:BORR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%. The firm had revenue of $263.10 million for the quarter, compared to analyst estimates of $247.78 million.

Borr Drilling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Monday, March 3rd. Borr Drilling's payout ratio is presently 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.