Private Advisor Group LLC Has $97,000 Position in Borr Drilling Limited (NYSE:BORR)

Private Advisor Group LLC lowered its holdings in Borr Drilling Limited (NYSE:BORR) by 25.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,862 shares of the company’s stock after selling 8,581 shares during the quarter. Private Advisor Group LLC’s holdings in Borr Drilling were worth $97,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of BORR. FMR LLC increased its holdings in Borr Drilling by 0.4% in the third quarter. FMR LLC now owns 7,668,451 shares of the company’s stock valued at $42,108,000 after purchasing an additional 28,587 shares during the last quarter. State Street Corp increased its holdings in Borr Drilling by 0.6% in the third quarter. State Street Corp now owns 3,905,259 shares of the company’s stock valued at $21,440,000 after purchasing an additional 22,800 shares during the last quarter. De Lisle Partners LLP increased its holdings in Borr Drilling by 1.9% in the third quarter. De Lisle Partners LLP now owns 1,571,424 shares of the company’s stock valued at $8,619,000 after purchasing an additional 30,000 shares during the last quarter. HITE Hedge Asset Management LLC bought a new stake in Borr Drilling in the third quarter valued at about $4,214,000. Finally, Barclays PLC increased its holdings in Borr Drilling by 52.9% in the third quarter. Barclays PLC now owns 718,537 shares of the company’s stock valued at $3,944,000 after purchasing an additional 248,482 shares during the last quarter. Institutional investors and hedge funds own 83.12% of the company’s stock.

Borr Drilling Stock Up 5.9 %

Shares of Borr Drilling stock opened at $2.41 on Friday. Borr Drilling Limited has a 1 year low of $2.18 and a 1 year high of $7.26. The business has a 50-day moving average of $3.34 and a two-hundred day moving average of $4.27. The company has a market capitalization of $607.46 million, a P/E ratio of 7.52 and a beta of 2.69. 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) last posted 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). Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%. The firm had revenue of $263.10 million for the quarter, compared to analyst estimates of $247.78 million.

Borr Drilling Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.02 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.33%. Borr Drilling’s dividend payout ratio (DPR) 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.