Optiver Holding B.V. bought a new stake in Borr Drilling Limited (NYSE:BORR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 191,719 shares of the company's stock, valued at approximately $748,000. Optiver Holding B.V. owned approximately 0.08% of Borr Drilling as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of BORR. Sterling Capital Management LLC raised its stake 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 acquiring an additional 6,775 shares during the period. SBI Securities Co. Ltd. bought a new position in Borr Drilling during the 4th quarter valued at about $59,000. Salvus Wealth Management LLC purchased a new stake in Borr Drilling in the 4th quarter worth about $59,000. Natixis bought a new stake in Borr Drilling in the fourth quarter worth about $58,000. Finally, CacheTech Inc. purchased a new position in shares of Borr Drilling during the fourth quarter valued at approximately $81,000. Institutional investors own 83.12% of the company's stock.
Borr Drilling Trading Down 3.1 %
Shares of BORR traded down $0.06 during mid-day trading on Friday, reaching $1.72. 4,662,068 shares of the company's stock traded hands, compared to its average volume of 3,663,993. Borr Drilling Limited has a 12 month low of $1.62 and a 12 month high of $7.26. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $410.41 million, a P/E ratio of 5.36 and a beta of 1.77. The stock's 50-day moving average is $2.12 and its two-hundred day moving average is $3.18.
Borr Drilling (NYSE:BORR - Get Free Report) last issued its 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 company had revenue of $263.10 million for the quarter, compared to analysts' expectations of $247.78 million.
Borr Drilling Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a $0.02 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.08 annualized dividend and a dividend yield of 4.66%. Borr Drilling's payout ratio is presently 31.25%.
Borr Drilling Profile
(
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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