Jefferies Financial Group Inc. Has $178,000 Position in Borr Drilling Limited (NYSE:BORR)

Jefferies Financial Group Inc. cut its holdings in Borr Drilling Limited (NYSE:BORR) by 67.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 50,000 shares of the company’s stock after selling 102,300 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Borr Drilling were worth $178,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sterling Capital Management LLC lifted its stake in Borr Drilling by 828.2% in the fourth quarter. Sterling Capital Management LLC now owns 7,593 shares of the company’s stock valued at $30,000 after buying an additional 6,775 shares in the last quarter. Natixis acquired a new stake in shares of Borr Drilling during the fourth quarter worth $58,000. SBI Securities Co. Ltd. bought a new stake in Borr Drilling in the 4th quarter valued at $59,000. CacheTech Inc. bought a new stake in Borr Drilling in the 4th quarter valued at $81,000. Finally, Ballentine Partners LLC acquired a new position in Borr Drilling in the 4th quarter worth $83,000. 83.12% of the stock is owned by institutional investors.

Borr Drilling Stock Performance

BORR opened at $1.78 on Monday. The business’s 50-day moving average price is $1.99 and its two-hundred day moving average price is $2.99. Borr Drilling Limited has a 1 year low of $1.62 and a 1 year high of $7.26. The company has a market capitalization of $424.77 million, a price-to-earnings ratio of 5.55 and a beta of 1.77. 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 announced 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 firm had revenue of $263.10 million during the quarter, compared to analyst estimates of $247.78 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.

Borr Drilling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Monday, March 3rd. Borr Drilling’s dividend payout ratio is presently 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.