HighTower Advisors LLC Acquires New Position in Borr Drilling Limited (NYSE:BORR)

HighTower Advisors LLC acquired a new stake in shares of Borr Drilling Limited (NYSE:BORR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 235,944 shares of the company’s stock, valued at approximately $920,000. HighTower Advisors LLC owned about 0.09% of Borr Drilling as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in 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 during the period. State Street Corp raised its position in shares of 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 buying an additional 22,800 shares in the last quarter. De Lisle Partners LLP boosted its stake 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 purchased a new position in Borr Drilling during the third quarter worth about $4,214,000. Finally, Barclays PLC increased its stake in Borr Drilling by 52.9% in the 3rd quarter. Barclays PLC now owns 718,537 shares of the company’s stock worth $3,944,000 after acquiring an additional 248,482 shares during the last quarter. Institutional investors own 83.12% of the company’s stock.

Borr Drilling Trading Up 0.2 %

Shares of BORR opened at $2.39 on Friday. Borr Drilling Limited has a 1-year low of $2.08 and a 1-year high of $7.26. The company has a market capitalization of $602.41 million, a P/E ratio of 7.45 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. The firm’s 50 day simple moving average is $2.88 and its 200 day simple moving average is $3.88.

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

Borr Drilling Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Monday, March 3rd. Borr Drilling’s payout ratio is 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.