Borr Drilling Limited (NYSE:BORR) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its position in Borr Drilling Limited (NYSE:BORR) by 12.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 87,027 shares of the company’s stock after buying an additional 9,896 shares during the period. Bleakley Financial Group LLC’s holdings in Borr Drilling were worth $641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. American International Group Inc. boosted its stake in Borr Drilling by 2.9% in the 4th quarter. American International Group Inc. now owns 95,322 shares of the company’s stock worth $474,000 after buying an additional 2,710 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Borr Drilling by 10.1% during the 1st quarter. Bank of America Corp DE now owns 34,167 shares of the company’s stock worth $259,000 after buying an additional 3,146 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Borr Drilling by 32.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 14,415 shares of the company’s stock worth $102,000 after buying an additional 3,519 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Borr Drilling by 23.6% in the second quarter. Ameritas Investment Partners Inc. now owns 18,905 shares of the company’s stock valued at $142,000 after acquiring an additional 3,610 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Borr Drilling by 10.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 38,854 shares of the company’s stock valued at $295,000 after acquiring an additional 3,695 shares during the period. 83.12% of the stock is currently owned by hedge funds and other institutional investors.

Borr Drilling Trading Down 0.2 %

Shares of BORR stock opened at $5.85 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.65. Borr Drilling Limited has a fifty-two week low of $5.70 and a fifty-two week high of $9.01. The firm’s 50 day moving average price is $6.35 and its two-hundred day moving average price is $6.55. The stock has a market cap of $892.07 million, a price-to-earnings ratio of 73.13 and a beta of 3.02.

Borr Drilling (NYSE:BORR) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $220.60 million during the quarter. Borr Drilling had a return on equity of 2.38% and a net margin of 2.86%.

Borr Drilling Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a $0.05 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.60 dividend on an annualized basis and a yield of 10.26%.

Wall Street Analyst Weigh In

Separately, Evercore ISI cut their price objective on Borr Drilling from $10.00 to $9.00 and set an “in-line” rating on the stock in a report on Friday, February 23rd.

About Borr Drilling

Borr Drilling Limited operates as an offshore 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.