AXQ Capital LP Invests $133,000 in Borr Drilling Limited (NYSE:BORR)

AXQ Capital LP purchased a new stake in Borr Drilling Limited (NYSE:BORR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,200 shares of the company’s stock, valued at approximately $133,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Borr Drilling in the fourth quarter valued at $59,000. Salvus Wealth Management LLC purchased a new stake in Borr Drilling in the 4th quarter worth about $59,000. Ballentine Partners LLC acquired a new stake in Borr Drilling during the 4th quarter worth about $83,000. Westend Capital Management LLC purchased a new position in Borr Drilling during the 4th quarter valued at about $86,000. Finally, Cibc World Markets Corp acquired a new position in shares of Borr Drilling in the 4th quarter valued at about $87,000. Institutional investors and hedge funds own 83.12% of the company’s stock.

Borr Drilling Stock Performance

BORR stock opened at $2.39 on Tuesday. The firm has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $3.93. Borr Drilling Limited has a 52 week low of $2.08 and a 52 week high of $7.26. The stock has a market cap of $602.41 million, a P/E ratio of 7.45 and a beta of 2.69. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41.

Borr Drilling (NYSE:BORR) last issued 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). 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 for the quarter, compared to analyst estimates of $247.78 million.

Borr Drilling Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Monday, March 3rd. Borr Drilling’s dividend payout ratio (DPR) 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.