Salvus Wealth Management LLC Takes Position in Borr Drilling Limited (NYSE:BORR)

Salvus Wealth Management LLC acquired a new position in Borr Drilling Limited (NYSE:BORR) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 15,020 shares of the company’s stock, valued at approximately $59,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers increased its stake in shares of Borr Drilling by 24.4% during the 2nd quarter. Rhumbline Advisers now owns 371,945 shares of the company’s stock worth $2,399,000 after purchasing an additional 73,008 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Borr Drilling during the second quarter worth $1,469,000. Goehring & Rozencwajg Associates LLC raised its holdings in shares of Borr Drilling by 10.7% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 975,052 shares of the company’s stock worth $6,289,000 after acquiring an additional 94,300 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Borr Drilling in the second quarter valued at $99,000. Finally, Xponance Inc. boosted its stake in shares of Borr Drilling by 13.3% during the second quarter. Xponance Inc. now owns 15,058 shares of the company’s stock valued at $97,000 after acquiring an additional 1,767 shares during the last quarter. 83.12% of the stock is owned by institutional investors and hedge funds.

Borr Drilling Trading Down 8.2 %

Borr Drilling stock opened at $3.51 on Friday. The stock has a market cap of $885.29 million, a PE ratio of 10.62 and a beta of 2.89. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. The stock has a 50-day moving average price of $3.82 and a 200 day moving average price of $5.09. Borr Drilling Limited has a 52 week low of $3.29 and a 52 week high of $7.42.

Borr Drilling (NYSE:BORR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The firm had revenue of $241.60 million during the quarter. Borr Drilling had a net margin of 8.70% and a return on equity of 8.50%.

Borr Drilling Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, November 29th. Borr Drilling’s dividend payout ratio (DPR) is 30.30%.

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.