Borr Drilling Limited (NYSE:BORR) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in Borr Drilling Limited (NYSE:BORR - Free Report) by 5,369.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,509,600 shares of the company's stock after acquiring an additional 1,482,000 shares during the period. Renaissance Technologies LLC owned 0.60% of Borr Drilling worth $5,887,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC grew its stake in Borr Drilling by 52.9% in the third quarter. Barclays PLC now owns 718,537 shares of the company's stock worth $3,944,000 after purchasing an additional 248,482 shares in the last quarter. Tejara Capital Ltd increased its stake in shares of Borr Drilling by 46.8% during the fourth quarter. Tejara Capital Ltd now owns 2,201,589 shares of the company's stock valued at $8,418,000 after buying an additional 701,478 shares during the period. Rovida Investment Management Ltd bought a new stake in shares of Borr Drilling in the fourth quarter valued at about $5,070,000. FIL Ltd lifted its stake in Borr Drilling by 2.4% in the fourth quarter. FIL Ltd now owns 11,593,801 shares of the company's stock worth $45,216,000 after acquiring an additional 267,791 shares during the period. Finally, HighTower Advisors LLC bought a new position in Borr Drilling during the 4th quarter worth about $920,000. 83.12% of the stock is owned by hedge funds and other institutional investors.

Borr Drilling Stock Down 2.5 %

Shares of NYSE:BORR traded down $0.05 during trading hours on Thursday, hitting $1.77. The company's stock had a trading volume of 1,093,510 shares, compared to its average volume of 3,544,698. The firm's fifty day moving average price is $2.28 and its 200 day moving average price is $3.38. Borr Drilling Limited has a 52 week low of $1.62 and a 52 week high of $7.26. The company has a market capitalization of $422.38 million, a price-to-earnings ratio of 5.52 and a beta of 2.22. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.41 and a quick ratio of 1.41.

Borr Drilling (NYSE:BORR - Get Free Report) last posted 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 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 analysts' expectations of $247.78 million.

Borr Drilling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a $0.02 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.08 dividend on an annualized basis and a yield of 4.53%. Borr Drilling's dividend payout ratio 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.