Capital International Inc. CA Acquires 431,861 Shares of Borr Drilling Limited (NYSE:BORR)

Capital International Inc. CA lifted its holdings in shares of Borr Drilling Limited (NYSE:BORR) by 19.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,646,820 shares of the company’s stock after acquiring an additional 431,861 shares during the quarter. Capital International Inc. CA owned approximately 1.74% of Borr Drilling worth $18,131,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Quadrant Capital Group LLC grew its position in shares of Borr Drilling by 111.6% in the fourth quarter. Quadrant Capital Group LLC now owns 4,472 shares of the company’s stock valued at $33,000 after purchasing an additional 2,359 shares during the last quarter. Covestor Ltd boosted its position in shares of Borr Drilling by 31,600.0% in the first quarter. Covestor Ltd now owns 5,706 shares of the company’s stock valued at $39,000 after acquiring an additional 5,688 shares during the period. Ballentine Partners LLC acquired a new position in shares of Borr Drilling in the first quarter valued at about $88,000. SG Americas Securities LLC bought a new position in Borr Drilling during the first quarter worth about $89,000. Finally, Virtu Financial LLC acquired a new stake in Borr Drilling in the 4th quarter worth about $202,000. 83.12% of the stock is owned by institutional investors and hedge funds.

Borr Drilling Stock Performance

Shares of NYSE:BORR traded down $0.04 on Friday, reaching $6.71. 2,860,769 shares of the company’s stock were exchanged, compared to its average volume of 1,997,097. Borr Drilling Limited has a twelve month low of $5.19 and a twelve month high of $9.01. The company has a fifty day moving average of $6.49 and a 200-day moving average of $6.31. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 39.44 and a beta of 3.07. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82.

Borr Drilling (NYSE:BORR) last released its earnings results on Thursday, May 23rd. The company reported $0.06 earnings per share for the quarter. Borr Drilling had a return on equity of 4.62% and a net margin of 5.27%. The firm had revenue of $234.00 million during the quarter.

Borr Drilling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend was Monday, June 3rd. Borr Drilling’s dividend payout ratio (DPR) is presently 58.82%.

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.