Fiera Capital Corp Sells 1,048,379 Shares of Borr Drilling Limited (NYSE:BORR)

Fiera Capital Corp lowered its position in Borr Drilling Limited (NYSE:BORR) by 40.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,546,000 shares of the company’s stock after selling 1,048,379 shares during the period. Fiera Capital Corp’s holdings in Borr Drilling were worth $9,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quadrant Capital Group LLC increased its position in Borr Drilling by 111.6% in the 4th quarter. Quadrant Capital Group LLC now owns 4,472 shares of the company’s stock valued at $33,000 after acquiring an additional 2,359 shares in the last quarter. ProShare Advisors LLC boosted its position in Borr Drilling by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 39,513 shares of the company’s stock valued at $271,000 after buying an additional 3,110 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Borr Drilling by 4.5% during the first quarter. Bleakley Financial Group LLC now owns 90,901 shares of the company’s stock worth $623,000 after acquiring an additional 3,874 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Borr Drilling by 4.9% during the fourth quarter. New York State Common Retirement Fund now owns 88,400 shares of the company’s stock worth $651,000 after acquiring an additional 4,106 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Borr Drilling by 16.2% during the first quarter. Principal Financial Group Inc. now owns 29,567 shares of the company’s stock valued at $203,000 after acquiring an additional 4,125 shares during the period. 83.12% of the stock is owned by institutional investors and hedge funds.

Borr Drilling Stock Performance

Borr Drilling stock opened at $5.63 on Wednesday. Borr Drilling Limited has a 12-month low of $5.19 and a 12-month high of $7.80. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.75. The business’s 50-day simple moving average is $6.36 and its 200 day simple moving average is $6.25.

Borr Drilling Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date is Thursday, August 22nd. Borr Drilling’s dividend payout ratio (DPR) is 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.