Marshall Wace LLP Has $6.35 Million Stock Holdings in Borr Drilling Limited (NYSE:BORR)

Marshall Wace LLP raised its stake in Borr Drilling Limited (NYSE:BORR - Free Report) by 163.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,628,275 shares of the company's stock after buying an additional 1,009,744 shares during the period. Marshall Wace LLP owned 0.64% of Borr Drilling worth $6,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FIL Ltd boosted its holdings in shares of Borr Drilling by 2.4% during the 4th quarter. FIL Ltd now owns 11,593,801 shares of the company's stock valued at $45,216,000 after acquiring an additional 267,791 shares in the last quarter. Tejara Capital Ltd increased its stake in shares of Borr Drilling by 46.8% in the fourth quarter. Tejara Capital Ltd now owns 2,201,589 shares of the company's stock valued at $8,418,000 after buying an additional 701,478 shares during the period. Renaissance Technologies LLC boosted its position in Borr Drilling by 5,369.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,509,600 shares of the company's stock worth $5,887,000 after buying an additional 1,482,000 shares during the period. Barclays PLC increased its position in Borr Drilling by 92.8% in the 4th quarter. Barclays PLC now owns 1,385,690 shares of the company's stock valued at $5,405,000 after acquiring an additional 667,153 shares during the period. Finally, Rovida Investment Management Ltd acquired a new position in shares of Borr Drilling during the fourth quarter worth $5,070,000. Institutional investors own 83.12% of the company's stock.

Borr Drilling Trading Down 1.4 %

NYSE BORR traded down $0.03 on Tuesday, reaching $1.82. The company had a trading volume of 1,624,252 shares, compared to its average volume of 3,579,201. The firm has a market cap of $434.35 million, a price-to-earnings ratio of 5.70 and a beta of 2.22. Borr Drilling Limited has a fifty-two week low of $1.62 and a fifty-two week high of $7.26. The business has a 50 day moving average of $2.21 and a two-hundred day moving average of $3.28. 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 (NYSE:BORR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%. The company had revenue of $263.10 million during the quarter, compared to analyst estimates of $247.78 million.

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 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 4.41%. Borr Drilling's payout ratio is currently 31.25%.

Borr Drilling Company 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.