Swiss National Bank Has $708,000 Stake in Borr Drilling Limited (NYSE:BORR)

Swiss National Bank trimmed its position in shares of Borr Drilling Limited (NYSE:BORR - Free Report) by 55.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,031 shares of the company's stock after selling 243,705 shares during the period. Swiss National Bank owned 0.08% of Borr Drilling worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BORR. Barclays PLC boosted its stake in shares of Borr Drilling by 52.9% during 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 period. HighTower Advisors LLC bought a new position in Borr Drilling during the fourth quarter worth $920,000. SBI Securities Co. Ltd. acquired a new position in shares of Borr Drilling in the fourth quarter valued at $59,000. JPMorgan Chase & Co. raised its position in shares of Borr Drilling by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 432,893 shares of the company's stock valued at $2,377,000 after purchasing an additional 7,682 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of Borr Drilling in the third quarter valued at about $303,000. 83.12% of the stock is owned by institutional investors.

Borr Drilling Stock Performance

Shares of BORR stock traded down $0.01 during midday trading on Wednesday, hitting $2.28. 2,552,629 shares of the company were exchanged, compared to its average volume of 3,303,532. Borr Drilling Limited has a 52 week low of $2.08 and a 52 week high of $7.26. The firm has a market capitalization of $558.43 million, a P/E ratio of 7.13 and a beta of 2.69. The firm's 50 day moving average price is $2.78 and its two-hundred day moving average price is $3.79. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41.

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Borr Drilling (NYSE:BORR - Get Free Report) last issued its quarterly earnings data 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). Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%. The company had revenue of $263.10 million for the quarter, compared to analyst estimates of $247.78 million.

Borr Drilling Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Monday, March 3rd. Borr Drilling's dividend payout ratio is 31.25%.

Borr Drilling Company 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.