Borr Drilling Limited (NYSE:BORR) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in shares of Borr Drilling Limited (NYSE:BORR) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,595 shares of the company’s stock after selling 5,593 shares during the period. Voya Investment Management LLC’s holdings in Borr Drilling were worth $283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SG Americas Securities LLC lifted its position in Borr Drilling by 6.9% in the fourth quarter. SG Americas Securities LLC now owns 85,255 shares of the company’s stock worth $332,000 after purchasing 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 currently owned by institutional investors and hedge funds.

Borr Drilling Stock Performance

BORR opened at $1.90 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.91. The firm has a market cap of $453.49 million, a PE ratio of 5.92 and a beta of 1.77. The business has a fifty day simple moving average of $2.03 and a 200-day simple moving average of $3.06. Borr Drilling Limited has a fifty-two week low of $1.62 and a fifty-two week high of $7.26.

Borr Drilling (NYSE:BORR) last issued its earnings results on Wednesday, February 19th. The company reported $0.10 earnings per share (EPS) 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 return on equity of 8.27% and a net margin of 8.12%.

Borr Drilling Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Monday, March 3rd. Borr Drilling’s payout ratio is 31.25%.

Borr Drilling Company 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.