21,313 Shares in Borr Drilling Limited (NYSE:BORR) Acquired by Ballentine Partners LLC

Ballentine Partners LLC bought a new position in Borr Drilling Limited (NYSE:BORR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,313 shares of the company’s stock, valued at approximately $83,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC boosted its stake in shares of Borr Drilling by 0.4% in the 3rd 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 in the last quarter. State Street Corp lifted its stake in Borr Drilling by 0.6% in the third quarter. State Street Corp now owns 3,905,259 shares of the company’s stock worth $21,440,000 after purchasing an additional 22,800 shares during the last quarter. De Lisle Partners LLP boosted its position in Borr Drilling by 1.9% during the third quarter. De Lisle Partners LLP now owns 1,571,424 shares of the company’s stock valued at $8,619,000 after buying an additional 30,000 shares during the period. HITE Hedge Asset Management LLC bought a new position in shares of Borr Drilling during the third quarter valued at about $4,214,000. Finally, Barclays PLC increased its holdings in shares of Borr Drilling by 52.9% in the third quarter. Barclays PLC now owns 718,537 shares of the company’s stock worth $3,944,000 after buying an additional 248,482 shares during the period. 83.12% of the stock is currently owned by institutional investors.

Borr Drilling Trading Up 4.6 %

NYSE BORR opened at $3.50 on Monday. The firm has a market cap of $882.77 million, a PE ratio of 10.59 and a beta of 2.89. Borr Drilling Limited has a 1-year low of $3.26 and a 1-year high of $7.42. The stock has a 50-day moving average of $3.74 and a 200-day moving average of $4.94. 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 (NYSE:BORR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). Borr Drilling had a net margin of 8.70% and a return on equity of 8.50%. The company had revenue of $241.60 million during the quarter.

Borr Drilling Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, November 29th. Borr Drilling’s dividend payout ratio (DPR) is presently 30.30%.

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.