Barclays PLC Boosts Stock Holdings in Borr Drilling Limited (NYSE:BORR)

Barclays PLC increased its holdings in shares of Borr Drilling Limited (NYSE:BORR - Free Report) by 92.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,385,690 shares of the company's stock after acquiring an additional 667,153 shares during the period. Barclays PLC owned about 0.55% of Borr Drilling worth $5,405,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BORR. Virtu Financial LLC purchased a new stake in shares of Borr Drilling during the third quarter valued at $171,000. JPMorgan Chase & Co. increased its position in shares of Borr Drilling by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 432,893 shares of the company's stock worth $2,377,000 after acquiring an additional 7,682 shares during the period. Salvus Wealth Management LLC purchased a new position in Borr Drilling during the 4th quarter worth $59,000. Westend Capital Management LLC bought a new stake in Borr Drilling during the 4th quarter valued at $86,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Borr Drilling in the 4th quarter worth $83,000. Hedge funds and other institutional investors own 83.12% of the company's stock.

Borr Drilling Stock Down 1.9 %

Shares of NYSE:BORR traded down $0.04 during trading hours on Tuesday, hitting $1.81. The company's stock had a trading volume of 3,912,147 shares, compared to its average volume of 3,587,730. The company has a market capitalization of $431.95 million, a price-to-earnings ratio of 5.64 and a beta of 2.22. Borr Drilling Limited has a 52 week low of $1.62 and a 52 week high of $7.26. 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 fifty day moving average price is $2.21 and its 200 day moving average price is $3.28.

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

Borr Drilling Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Monday, March 3rd. Borr Drilling's dividend payout ratio (DPR) is presently 31.25%.

Borr Drilling 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.