Aristides Capital LLC Makes New $211,000 Investment in Borr Drilling Limited (NYSE:BORR)

Aristides Capital LLC acquired a new stake in Borr Drilling Limited (NYSE:BORR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 54,000 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors have also modified their holdings of BORR. Quadrant Capital Group LLC grew its holdings in Borr Drilling by 661.1% during the 4th quarter. Quadrant Capital Group LLC now owns 28,632 shares of the company’s stock worth $112,000 after acquiring an additional 24,870 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Borr Drilling by 70.0% during the fourth quarter. Wells Fargo & Company MN now owns 187,790 shares of the company’s stock worth $732,000 after buying an additional 77,344 shares during the last quarter. Huber Capital Management LLC acquired a new position in shares of Borr Drilling in the fourth quarter valued at approximately $338,000. DnB Asset Management AS acquired a new position in Borr Drilling in the 4th quarter valued at $136,000. Finally, X Square Capital LLC increased its stake in shares of Borr Drilling by 3.2% during the fourth quarter. X Square Capital LLC now owns 183,434 shares of the company’s stock worth $715,000 after acquiring an additional 5,707 shares during the period. Institutional investors and hedge funds own 83.12% of the company’s stock.

Borr Drilling Stock Performance

Shares of BORR stock opened at $1.71 on Monday. The stock has a 50 day simple moving average of $2.71 and a 200-day simple moving average of $3.72. The company has a market cap of $418.83 million, a price-to-earnings ratio of 5.34 and a beta of 2.22. 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 $1.53 and a 12-month high of $7.26.

Borr Drilling (NYSE:BORR) last posted its quarterly 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 for 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a $0.02 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.08 annualized dividend and a dividend yield of 4.68%. Borr Drilling’s dividend payout ratio is presently 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.