Tejara Capital Ltd Purchases 701,478 Shares of Borr Drilling Limited (NYSE:BORR)

Tejara Capital Ltd boosted its position in shares of Borr Drilling Limited (NYSE:BORR - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,201,589 shares of the company's stock after purchasing an additional 701,478 shares during the period. Borr Drilling accounts for approximately 5.4% of Tejara Capital Ltd's portfolio, making the stock its 3rd biggest position. Tejara Capital Ltd owned about 0.87% of Borr Drilling worth $8,418,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Borr Drilling by 6.9% during the fourth quarter. SG Americas Securities LLC now owns 85,255 shares of the company's stock valued at $332,000 after buying an additional 5,500 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Borr Drilling by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 432,893 shares of the company's stock valued at $2,377,000 after buying an additional 7,682 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $3,134,000 after buying an additional 9,976 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Borr Drilling during the fourth quarter valued at about $59,000. Finally, Salvus Wealth Management LLC bought a new position in shares of Borr Drilling in the fourth quarter worth about $59,000. Institutional investors and hedge funds own 83.12% of the company's stock.

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Borr Drilling Stock Performance

Shares of Borr Drilling stock traded down $0.10 during trading on Friday, reaching $2.33. The company's stock had a trading volume of 4,772,907 shares, compared to its average volume of 3,237,256. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41. The business's fifty day moving average price is $2.99 and its 200-day moving average price is $3.97. The firm has a market cap of $587.25 million, a price-to-earnings ratio of 7.27 and a beta of 2.69. Borr Drilling Limited has a one year low of $2.08 and a one year high of $7.26.

Borr Drilling (NYSE:BORR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The business had revenue of $263.10 million during the quarter, compared to the consensus estimate of $247.78 million. Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%.

Borr Drilling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were paid 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 dividend yield of 3.44%. Borr Drilling's payout ratio is presently 31.25%.

About Borr Drilling

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.