HighTower Advisors LLC Buys Shares of 235,944 Borr Drilling Limited (NYSE:BORR)

HighTower Advisors LLC purchased a new stake in shares of Borr Drilling Limited (NYSE:BORR) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 235,944 shares of the company’s stock, valued at approximately $920,000.

A number of other large investors have also made changes to their positions in BORR. SBI Securities Co. Ltd. bought a new position in shares of Borr Drilling in the fourth quarter worth approximately $59,000. Salvus Wealth Management LLC purchased a new position in shares of Borr Drilling during the 4th quarter valued at $59,000. Ballentine Partners LLC bought a new position in Borr Drilling in the 4th quarter worth $83,000. Westend Capital Management LLC purchased a new stake in Borr Drilling in the 4th quarter worth $86,000. Finally, Virtu Financial LLC purchased a new stake in Borr Drilling in the 3rd quarter worth $171,000. 83.12% of the stock is currently owned by institutional investors.

Borr Drilling Stock Up 0.2 %

Shares of BORR opened at $2.39 on Friday. The business’s 50 day moving average is $2.88 and its 200 day moving average is $3.88. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. Borr Drilling Limited has a 12-month low of $2.08 and a 12-month high of $7.26. The company has a market capitalization of $602.41 million, a PE ratio of 7.45 and a beta of 2.69.

Borr Drilling (NYSE:BORR) last posted its earnings results on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%. The firm had revenue of $263.10 million during the quarter, compared to analysts’ expectations of $247.78 million.

Borr Drilling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Monday, March 3rd. Borr Drilling’s dividend payout ratio is currently 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.