Borr Drilling Limited (NYSE:BORR) Shares Bought by Tejara Capital Ltd

Tejara Capital Ltd raised its position in Borr Drilling Limited (NYSE:BORR) by 46.8% in the 4th quarter, Holdings Channel reports. The fund owned 2,201,589 shares of the company’s stock after acquiring an additional 701,478 shares during the period. Borr Drilling accounts for approximately 5.4% of Tejara Capital Ltd’s holdings, making the stock its 3rd biggest position. Tejara Capital Ltd’s holdings in Borr Drilling were worth $8,418,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Borr Drilling by 320.0% in the fourth quarter. Signaturefd LLC now owns 38,066 shares of the company’s stock valued at $148,000 after purchasing an additional 29,003 shares during the period. Cibc World Markets Corp acquired a new stake in shares of Borr Drilling in the fourth quarter valued at about $87,000. HighTower Advisors LLC acquired a new stake in shares of Borr Drilling in the fourth quarter valued at about $920,000. SBI Securities Co. Ltd. acquired a new stake in shares of Borr Drilling in the fourth quarter valued at about $59,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Borr Drilling in the fourth quarter valued at about $130,000. Institutional investors and hedge funds own 83.12% of the company’s stock.

Borr Drilling Stock Up 1.5 %

Shares of NYSE BORR opened at $2.28 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. Borr Drilling Limited has a 52 week low of $2.08 and a 52 week high of $7.26. The firm has a 50-day moving average price of $3.11 and a 200 day moving average price of $4.05. The stock has a market capitalization of $576.64 million, a price-to-earnings ratio of 7.13 and a beta of 2.69.

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

Borr Drilling Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Monday, March 3rd. Borr Drilling’s payout ratio 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.