XTX Topco Ltd Purchases 165,181 Shares of Borr Drilling Limited (NYSE:BORR)

XTX Topco Ltd lifted its position in Borr Drilling Limited (NYSE:BORR - Free Report) by 204.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 245,925 shares of the company's stock after purchasing an additional 165,181 shares during the quarter. XTX Topco Ltd owned 0.10% of Borr Drilling worth $959,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BORR. Mariner LLC increased its position in Borr Drilling by 121.3% in the 4th quarter. Mariner LLC now owns 22,849 shares of the company's stock valued at $89,000 after acquiring an additional 12,524 shares in the last quarter. Barclays PLC increased its stake in shares of 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 buying an additional 667,153 shares during the period. Sterling Capital Management LLC raised its position in shares of Borr Drilling by 828.2% during the fourth quarter. Sterling Capital Management LLC now owns 7,593 shares of the company's stock worth $30,000 after acquiring an additional 6,775 shares during the last quarter. LSV Asset Management bought a new position in Borr Drilling in the fourth quarter valued at about $128,000. Finally, Renaissance Technologies LLC raised its holdings 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 purchasing an additional 1,482,000 shares during the last quarter. Institutional investors and hedge funds own 83.12% of the company's stock.

Borr Drilling Trading Up 1.9 %

BORR traded up $0.04 during trading on Tuesday, reaching $1.84. 1,026,456 shares of the company's stock were exchanged, compared to its average volume of 3,518,072. Borr Drilling Limited has a fifty-two week low of $1.62 and a fifty-two week high of $7.26. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $439.13 million, a PE ratio of 5.74 and a beta of 2.22. The company's fifty day moving average price is $2.34 and its 200-day moving average price is $3.40.

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

Borr Drilling Announces Dividend

The company also recently announced 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. This represents a $0.08 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Monday, March 3rd. Borr Drilling's dividend payout ratio (DPR) is presently 31.25%.

About Borr Drilling

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.