Signaturefd LLC Grows Stock Position in Borr Drilling Limited (NYSE:BORR)

Signaturefd LLC lifted its position in shares of Borr Drilling Limited (NYSE:BORR) by 666.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,865 shares of the company’s stock after purchasing an additional 6,839 shares during the period. Signaturefd LLC’s holdings in Borr Drilling were worth $51,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in Borr Drilling by 111.6% during the 4th quarter. Quadrant Capital Group LLC now owns 4,472 shares of the company’s stock worth $33,000 after buying an additional 2,359 shares during the period. Covestor Ltd lifted its stake in shares of Borr Drilling by 31,600.0% in the first quarter. Covestor Ltd now owns 5,706 shares of the company’s stock worth $39,000 after acquiring an additional 5,688 shares in the last quarter. Ballentine Partners LLC purchased a new position in Borr Drilling in the first quarter valued at about $88,000. SG Americas Securities LLC acquired a new stake in Borr Drilling during the 1st quarter valued at approximately $89,000. Finally, Syquant Capital Sas purchased a new stake in Borr Drilling during the 1st quarter worth approximately $188,000. 83.12% of the stock is currently owned by hedge funds and other institutional investors.

Borr Drilling Stock Performance

Borr Drilling stock opened at $5.60 on Thursday. Borr Drilling Limited has a 52 week low of $5.19 and a 52 week high of $7.80. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.75. The stock has a market cap of $854 million, a P/E ratio of 32.94 and a beta of 3.00. The stock has a 50 day moving average of $6.35 and a 200-day moving average of $6.24.

Borr Drilling Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 7.14%. Borr Drilling’s dividend payout ratio (DPR) is 58.82%.

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.