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Several institutional investors have recently made significant changes to their holdings in Borr Drilling Limited.
HITE Hedge Asset Management LLC
Capital International Investors
Marshall Wace LLP
Jump Financial LLC
CacheTech Inc.
Guggenheim Capital LLC
These investors have reported a decrease in their stakes in the company, with HITE Hedge Asset Management LLC being the largest seller, reducing its holdings by 3.0%. The remaining investors have also made significant changes to their stakes, with Marshall Wace LLP increasing its holdings by 163.2%.
Guggenheim Capital LLC
CacheTech Inc.
Jump Financial LLC
Capital International Investors
These changes in hedge fund activity provide valuable insights into the market sentiment and expectations for the company.
Investor
Position Size
Change in Position
Value of Holdings
HITE Hedge Asset Management LLC
744,468 shares
-3.0%
$2,903,000
Capital International Investors
18,780,294 shares
+0.5%
$73,243,000
Marshall Wace LLP
1,628,275 shares
+163.2%
$6,350,000
Jump Financial LLC
1,009,744 shares
–
$725,000
CacheTech Inc.
3,700,000 shares
–
$81,000
Guggenheim Capital LLC
65,535 shares
+44.2%
$256,000
The significant changes in hedge fund activity provide valuable insights into the market sentiment and expectations for the company. According to a report by HoldingsChannel.com, institutional investors and hedge funds own 83.12% of the company’s stock.The firm’s 50-day moving average is $2.39 and its 200 day moving average is $3.49.
Borr Drilling Limited reported its earnings results on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%. The firm had revenue of $263.10 million for the quarter, compared to the consensus estimate of $247.78 million. The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were given a $0.02 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.08 annualized dividend and a yield of 4.11%.Borr Drilling’s dividend payout ratio is currently 31.25%.
In terms of market performance, Borr Drilling Limited has seen its stock price rise by 4.0% in the past week, according to Yahoo Finance. The company has a market capitalization of $476.38 million, a P/E ratio of 6.08, and a beta of 2.22. The firm’s debt-to-equity ratio is 1.91, its current ratio is 1.41, and its quick ratio is 1.41. Overall, the recent changes in hedge fund activity and earnings insights provide valuable information for investors to make informed decisions.
