Signaturefd LLC Has $148,000 Holdings in Borr Drilling Limited (NYSE:BORR)

Signaturefd LLC lifted its stake in shares of Borr Drilling Limited (NYSE:BORR) by 320.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 38,066 shares of the company’s stock after purchasing an additional 29,003 shares during the quarter. Signaturefd LLC’s holdings in Borr Drilling were worth $148,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings in shares of Borr Drilling by 0.4% during the third quarter. FMR LLC now owns 7,668,451 shares of the company’s stock worth $42,108,000 after buying an additional 28,587 shares in the last quarter. State Street Corp increased its holdings in shares of Borr Drilling by 0.6% during the third quarter. State Street Corp now owns 3,905,259 shares of the company’s stock worth $21,440,000 after buying an additional 22,800 shares in the last quarter. De Lisle Partners LLP increased its holdings in shares of Borr Drilling by 1.9% during the third quarter. De Lisle Partners LLP now owns 1,571,424 shares of the company’s stock worth $8,619,000 after buying an additional 30,000 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of Borr Drilling during the third quarter worth $4,214,000. Finally, Barclays PLC increased its holdings in shares of Borr Drilling by 52.9% during the third quarter. Barclays PLC now owns 718,537 shares of the company’s stock worth $3,944,000 after buying an additional 248,482 shares in the last quarter. 83.12% of the stock is currently owned by institutional investors and hedge funds.

Borr Drilling Stock Down 3.9 %

Shares of NYSE:BORR opened at $2.33 on Friday. The company has a fifty day moving average of $2.99 and a 200-day moving average of $3.96. The company has a market capitalization of $587.25 million, a PE ratio of 7.27 and a beta of 2.69. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41. Borr Drilling Limited has a 52-week low of $2.08 and a 52-week high of $7.26.

Borr Drilling (NYSE:BORR) last posted its quarterly earnings data 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 company had revenue of $263.10 million during the quarter, compared to analyst estimates of $247.78 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.

Borr Drilling Announces Dividend

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

Borr Drilling 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.