Borr Drilling Limited (NYSE:BORR) Stock Position Boosted by X Square Capital LLC

X Square Capital LLC boosted its stake in shares of Borr Drilling Limited (NYSE:BORR) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 183,434 shares of the company’s stock after buying an additional 5,707 shares during the period. X Square Capital LLC owned about 0.07% of Borr Drilling worth $715,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. FMR LLC increased its position in Borr Drilling by 0.4% in the 3rd quarter. FMR LLC now owns 7,668,451 shares of the company’s stock worth $42,108,000 after buying an additional 28,587 shares during the period. State Street Corp raised its position in shares of Borr Drilling by 0.6% during the 3rd quarter. State Street Corp now owns 3,905,259 shares of the company’s stock valued at $21,440,000 after acquiring an additional 22,800 shares during the last quarter. Tejara Capital Ltd raised its holdings in Borr Drilling by 46.8% in the fourth quarter. Tejara Capital Ltd now owns 2,201,589 shares of the company’s stock worth $8,418,000 after purchasing an additional 701,478 shares during the period. De Lisle Partners LLP lifted its holdings in shares of Borr Drilling by 1.9% during the 3rd 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 in the last quarter. Finally, Rovida Investment Management Ltd acquired a new stake in shares of Borr Drilling in the 4th quarter valued at about $5,070,000. 83.12% of the stock is owned by hedge funds and other institutional investors.

Borr Drilling Stock Up 0.2 %

NYSE:BORR opened at $2.39 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.91. The stock’s 50 day moving average price is $2.88 and its two-hundred day moving average price is $3.88. The firm has a market capitalization of $602.41 million, a price-to-earnings ratio of 7.45 and a beta of 2.69. Borr Drilling Limited has a twelve month low of $2.08 and a twelve month high of $7.26.

Borr Drilling (NYSE:BORR) last issued its earnings results 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 net margin of 8.12% and a return on equity of 8.27%. The business had revenue of $263.10 million during the quarter, compared to analyst estimates of $247.78 million.

Borr Drilling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend 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.