XTX Topco Ltd Raises Stock Holdings in Borr Drilling Limited (NYSE:BORR)

XTX Topco Ltd increased its holdings in Borr Drilling Limited (NYSE:BORR - Free Report) by 204.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,925 shares of the company's stock after acquiring an additional 165,181 shares during the quarter. XTX Topco Ltd owned about 0.10% of Borr Drilling worth $959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Sterling Capital Management LLC raised its position in shares of Borr Drilling by 828.2% in the 4th quarter. Sterling Capital Management LLC now owns 7,593 shares of the company's stock worth $30,000 after purchasing an additional 6,775 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Borr Drilling in the fourth quarter worth about $59,000. Salvus Wealth Management LLC bought a new position in shares of Borr Drilling in the fourth quarter worth approximately $59,000. Ballentine Partners LLC purchased a new stake in shares of Borr Drilling during the fourth quarter valued at approximately $83,000. Finally, Westend Capital Management LLC purchased a new stake in shares of Borr Drilling during the fourth quarter valued at approximately $86,000. 83.12% of the stock is owned by hedge funds and other institutional investors.

Borr Drilling Stock Up 4.0 %

NYSE BORR traded up $0.08 during mid-day trading on Friday, reaching $1.95. The stock had a trading volume of 5,759,471 shares, compared to its average volume of 3,523,781. The company has a fifty day moving average price of $2.37 and a 200 day moving average price of $3.45. 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 Limited has a 1 year low of $1.62 and a 1 year high of $7.26. The stock has a market cap of $465.46 million, a PE ratio of 6.08 and a beta of 2.22.

Borr Drilling (NYSE:BORR - Get Free Report) last issued 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). The business 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 business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.02 per share. 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 4.11%. Borr Drilling's dividend payout ratio is presently 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.