Lighthouse Investment Partners LLC Invests $4.12 Million in Borr Drilling Limited (NYSE:BORR)

Lighthouse Investment Partners LLC bought a new position in shares of Borr Drilling Limited (NYSE:BORR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,056,869 shares of the company's stock, valued at approximately $4,122,000. Lighthouse Investment Partners LLC owned 0.42% of Borr Drilling at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lloyd Harbor Capital Management LLC acquired a new stake in shares of Borr Drilling during the fourth quarter worth approximately $5,220,000. Encompass Capital Advisors LLC acquired a new stake in shares of Borr Drilling in the fourth quarter valued at approximately $10,718,000. Concentric Capital Strategies LP bought a new position in Borr Drilling in the 4th quarter worth approximately $1,612,000. Bank of America Corp DE lifted its holdings in Borr Drilling by 169.1% during the 4th quarter. Bank of America Corp DE now owns 486,808 shares of the company's stock worth $1,899,000 after buying an additional 305,935 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Borr Drilling in the 4th quarter valued at $127,000. 83.12% of the stock is owned by institutional investors.

Borr Drilling Trading Down 2.5%

Borr Drilling stock traded down $0.05 during mid-day trading on Friday, hitting $1.78. The stock had a trading volume of 4,152,361 shares, compared to its average volume of 3,771,841. The stock has a market capitalization of $424.77 million, a PE ratio of 5.55 and a beta of 1.77. Borr Drilling Limited has a 12 month low of $1.62 and a 12 month high of $7.26. 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 stock has a 50-day simple moving average of $2.01 and a two-hundred day simple moving average of $3.02.

Borr Drilling (NYSE:BORR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.10 EPS 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 analyst estimates 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 firm 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.08 annualized dividend and a dividend yield of 4.51%. Borr Drilling's dividend payout ratio (DPR) is currently 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.