Northern Trust Corp Has $5.75 Million Stock Holdings in Borr Drilling Limited (NYSE:BORR)

Northern Trust Corp grew its holdings in Borr Drilling Limited (NYSE:BORR) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,475,256 shares of the company’s stock after acquiring an additional 64,992 shares during the quarter. Northern Trust Corp owned 0.58% of Borr Drilling worth $5,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. SG Americas Securities LLC boosted its position in shares of Borr Drilling by 6.9% in the fourth quarter. SG Americas Securities LLC now owns 85,255 shares of the company’s stock valued at $332,000 after acquiring an additional 5,500 shares during the period. X Square Capital LLC lifted its position in Borr Drilling by 3.2% in the fourth quarter. X Square Capital LLC now owns 183,434 shares of the company’s stock worth $715,000 after purchasing an additional 5,707 shares during the period. Sterling Capital Management LLC lifted its position in Borr Drilling by 828.2% in the fourth 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 period. JPMorgan Chase & Co. lifted its position in Borr Drilling by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 432,893 shares of the company’s stock worth $2,377,000 after purchasing an additional 7,682 shares during the period. Finally, MetLife Investment Management LLC lifted its position in Borr Drilling by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 146,500 shares of the company’s stock worth $571,000 after purchasing an additional 8,698 shares during the period. 83.12% of the stock is owned by institutional investors.

Borr Drilling Stock Down 2.3%

Shares of BORR stock opened at $1.68 on Wednesday. The stock has a market cap of $402.04 million, a P/E ratio of 5.25 and a beta of 1.77. Borr Drilling Limited has a one year low of $1.62 and a one year high of $7.26. The stock has a fifty day moving average price of $1.98 and a 200 day moving average price of $2.96. 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 (NYSE:BORR) last issued its earnings results on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm 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 company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were given a $0.02 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.08 annualized dividend and a yield of 4.76%. Borr Drilling’s dividend payout ratio (DPR) 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.