Optiver Holding B.V. Purchases New Position in Borr Drilling Limited (NYSE:BORR)

Optiver Holding B.V. acquired a new stake in shares of Borr Drilling Limited (NYSE:BORR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 191,719 shares of the company's stock, valued at approximately $748,000. Optiver Holding B.V. owned about 0.08% of Borr Drilling at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital International Investors lifted its position in Borr Drilling by 0.5% during the 4th quarter. Capital International Investors now owns 18,780,294 shares of the company's stock worth $73,243,000 after acquiring an additional 88,412 shares during the period. FIL Ltd lifted its holdings in shares of Borr Drilling by 2.4% during the fourth quarter. FIL Ltd now owns 11,593,801 shares of the company's stock worth $45,216,000 after purchasing an additional 267,791 shares during the period. Capital International Inc. CA boosted its position in Borr Drilling by 1.2% in the fourth quarter. Capital International Inc. CA now owns 3,321,788 shares of the company's stock valued at $12,955,000 after buying an additional 40,885 shares during the last quarter. Tejara Capital Ltd increased its holdings in Borr Drilling by 46.8% in the 4th quarter. Tejara Capital Ltd now owns 2,201,589 shares of the company's stock worth $8,418,000 after buying an additional 701,478 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Borr Drilling by 163.2% in the 4th quarter. Marshall Wace LLP now owns 1,628,275 shares of the company's stock valued at $6,350,000 after acquiring an additional 1,009,744 shares during the last quarter. Institutional investors and hedge funds own 83.12% of the company's stock.

Borr Drilling Stock Performance

BORR traded down $0.06 during midday trading on Friday, hitting $1.72. 4,662,068 shares of the company were exchanged, compared to its average volume of 3,659,136. The firm has a market capitalization of $410.41 million, a price-to-earnings ratio of 5.36 and a beta of 2.22. The company's 50 day simple moving average is $2.14 and its 200 day simple moving average is $3.24. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. Borr Drilling Limited has a 1-year low of $1.62 and a 1-year high of $7.26.

Borr Drilling (NYSE:BORR - Get Free Report) last posted its quarterly earnings data 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). Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%. The company had revenue of $263.10 million for the quarter, compared to analyst estimates of $247.78 million.

Borr Drilling Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.66%. Borr Drilling's 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.