Rovida Investment Management Ltd acquired a new stake in shares of Borr Drilling Limited (NYSE:BORR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,300,000 shares of the company's stock, valued at approximately $5,070,000. Borr Drilling accounts for about 1.6% of Rovida Investment Management Ltd's investment portfolio, making the stock its 14th largest position. Rovida Investment Management Ltd owned 0.51% of Borr Drilling at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Borr Drilling in the 4th quarter worth $59,000. Salvus Wealth Management LLC purchased a new stake in shares of Borr Drilling during the fourth quarter worth about $59,000. Ballentine Partners LLC bought a new stake in Borr Drilling during the 4th quarter valued at approximately $83,000. Westend Capital Management LLC bought a new stake in Borr Drilling during the 4th quarter valued at approximately $86,000. Finally, Cibc World Markets Corp purchased a new position in Borr Drilling in the 4th quarter worth approximately $87,000. Hedge funds and other institutional investors own 83.12% of the company's stock.
Borr Drilling Price Performance
Shares of BORR stock traded down $0.15 during mid-day trading on Friday, hitting $2.24. The company had a trading volume of 2,592,333 shares, compared to its average volume of 3,320,304. 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 stock's 50 day moving average price is $2.85 and its 200-day moving average price is $3.85. Borr Drilling Limited has a 52-week low of $2.08 and a 52-week high of $7.26. The company has a market capitalization of $547.41 million, a P/E ratio of 6.98 and a beta of 2.69.
Borr Drilling (NYSE:BORR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $263.10 million during the quarter, compared to analysts' expectations of $247.78 million. Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%.
Borr Drilling Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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 3.58%. The ex-dividend date of this dividend was Monday, March 3rd. Borr Drilling's payout ratio is 31.25%.
Borr Drilling Company Profile
(
Free Report)
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.
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