Cyrus Capital Partners L.P. Makes New $585,000 Investment in Borr Drilling Limited (NYSE:BORR)

Cyrus Capital Partners L.P. acquired a new stake in Borr Drilling Limited (NYSE:BORR) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $585,000. Borr Drilling accounts for approximately 0.2% of Cyrus Capital Partners L.P.’s portfolio, making the stock its 5th biggest holding.

Other large investors also recently made changes to their positions in the company. Capital International Investors grew its stake in Borr Drilling by 0.5% in the fourth quarter. Capital International Investors now owns 18,780,294 shares of the company’s stock valued at $73,243,000 after purchasing an additional 88,412 shares in the last quarter. FIL Ltd raised its position in Borr Drilling by 2.4% in the 4th quarter. FIL Ltd now owns 11,593,801 shares of the company’s stock worth $45,216,000 after purchasing an additional 267,791 shares during the last quarter. Capital International Inc. CA increased its position in Borr Drilling by 1.2% in the fourth quarter. Capital International Inc. CA now owns 3,321,788 shares of the company’s stock worth $12,955,000 after purchasing an additional 40,885 shares during the period. Tejara Capital Ltd grew its holdings in Borr Drilling by 46.8% during the 4th quarter. Tejara Capital Ltd now owns 2,201,589 shares of the company’s stock worth $8,418,000 after acquiring an additional 701,478 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Borr Drilling by 163.2% during the 4th quarter. Marshall Wace LLP now owns 1,628,275 shares of the company’s stock worth $6,350,000 after buying an additional 1,009,744 shares during the period. Institutional investors and hedge funds own 83.12% of the company’s stock.

Borr Drilling Stock Performance

Shares of Borr Drilling stock opened at $1.94 on Monday. The stock’s 50-day moving average is $2.24 and its 200-day moving average is $3.31. Borr Drilling Limited has a one year low of $1.62 and a one year high of $7.26. 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 firm has a market cap of $463.06 million, a price-to-earnings ratio of 6.05 and a beta of 2.22.

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

Borr Drilling Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors 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 4.13%. The ex-dividend date of this dividend was Monday, March 3rd. Borr Drilling’s payout ratio is currently 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.