HighTower Advisors LLC Purchases Shares of 235,944 Borr Drilling Limited (NYSE:BORR)

HighTower Advisors LLC bought a new position in shares of Borr Drilling Limited (NYSE:BORR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 235,944 shares of the company's stock, valued at approximately $920,000. HighTower Advisors LLC owned 0.09% of Borr Drilling as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Intech Investment Management LLC acquired a new stake in Borr Drilling in the 3rd quarter valued at approximately $303,000. Charles Schwab Investment Management Inc. increased its holdings in Borr Drilling by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 570,909 shares of the company's stock worth $3,134,000 after buying an additional 9,976 shares during the last quarter. FMR LLC raised its position in Borr Drilling by 0.4% during the third quarter. FMR LLC now owns 7,668,451 shares of the company's stock worth $42,108,000 after acquiring an additional 28,587 shares in the last quarter. De Lisle Partners LLP lifted its stake in Borr Drilling by 1.9% in the third quarter. De Lisle Partners LLP now owns 1,571,424 shares of the company's stock valued at $8,619,000 after acquiring an additional 30,000 shares during the last quarter. Finally, HITE Hedge Asset Management LLC bought a new position in shares of Borr Drilling in the 3rd quarter valued at about $4,214,000. Institutional investors own 83.12% of the company's stock.

Borr Drilling Stock Performance

Shares of BORR stock traded down $0.05 on Monday, reaching $2.20. The stock had a trading volume of 3,292,138 shares, compared to its average volume of 3,320,194. Borr Drilling Limited has a 12 month low of $2.08 and a 12 month high of $7.26. The firm has a market capitalization of $537.61 million, a price-to-earnings ratio of 6.86 and a beta of 2.69. The firm's 50-day moving average is $2.83 and its two-hundred day moving average is $3.82. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.91.

Borr Drilling (NYSE:BORR - Get Free Report) last announced its quarterly 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 return on equity of 8.27% and a net margin of 8.12%. The business had revenue of $263.10 million for 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 annualized dividend and a yield of 3.64%. 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.