SBI Securities Co. Ltd. Buys New Stake in Borr Drilling Limited (NYSE:BORR)

SBI Securities Co. Ltd. purchased a new position in shares of Borr Drilling Limited (NYSE:BORR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,010 shares of the company’s stock, valued at approximately $59,000.

A number of other institutional investors also recently made changes to their positions in the stock. Salvus Wealth Management LLC purchased a new position in shares of Borr Drilling during the 4th quarter worth about $59,000. Ballentine Partners LLC acquired a new position in Borr Drilling during the fourth quarter worth approximately $83,000. Westend Capital Management LLC purchased a new position in Borr Drilling during the fourth quarter worth approximately $86,000. Janney Montgomery Scott LLC acquired a new position in shares of Borr Drilling in the 4th quarter valued at $130,000. Finally, SCP Investment LP acquired a new position in shares of Borr Drilling in the 3rd quarter valued at $158,000. 83.12% of the stock is owned by institutional investors and hedge funds.

Borr Drilling Price Performance

BORR stock opened at $2.30 on Tuesday. The company has a market cap of $579.68 million, a PE ratio of 7.17 and a beta of 2.69. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. The stock has a 50-day moving average price of $3.29 and a two-hundred day moving average price of $4.19. Borr Drilling Limited has a 12-month low of $2.18 and a 12-month high of $7.26.

Borr Drilling (NYSE:BORR) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $263.10 million during the quarter, compared to analysts’ expectations of $247.78 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.

Borr Drilling Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, March 3rd. Borr Drilling’s dividend payout ratio is currently 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.