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.
Featured Articles
Before you consider Borr Drilling, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Borr Drilling wasn't on the list.
While Borr Drilling currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
