15,450 Shares in TORM plc (NASDAQ:TRMD) Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors acquired a new stake in TORM plc (NASDAQ:TRMD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,450 shares of the company's stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP boosted its position in shares of TORM by 860.9% during the second quarter. Marshall Wace LLP now owns 1,429,989 shares of the company's stock worth $55,441,000 after buying an additional 1,281,176 shares during the period. International Assets Investment Management LLC acquired a new position in shares of TORM during the third quarter worth approximately $7,359,000. Barclays PLC boosted its position in shares of TORM by 65.4% during the third quarter. Barclays PLC now owns 384,308 shares of the company's stock worth $13,140,000 after buying an additional 151,942 shares during the period. Soros Fund Management LLC acquired a new position in shares of TORM during the third quarter worth approximately $3,419,000. Finally, Centiva Capital LP acquired a new position in shares of TORM during the third quarter worth approximately $3,077,000. 73.89% of the stock is owned by institutional investors.

TORM Price Performance

Shares of NASDAQ TRMD traded down $0.25 during trading on Friday, hitting $19.42. The company had a trading volume of 683,253 shares, compared to its average volume of 1,460,185. The company has a market cap of $1.83 billion, a P/E ratio of 2.51 and a beta of 0.23. TORM plc has a 52 week low of $17.77 and a 52 week high of $40.47. The business's 50-day moving average is $20.46 and its 200 day moving average is $29.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.24 and a current ratio of 2.47.

TORM (NASDAQ:TRMD - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.06. TORM had a net margin of 43.81% and a return on equity of 34.45%. The company had revenue of $372.10 million for the quarter, compared to the consensus estimate of $273.89 million. During the same period in the previous year, the business earned $1.36 EPS. Equities research analysts predict that TORM plc will post 6.37 earnings per share for the current fiscal year.

TORM Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.876 per share. This represents a $3.50 annualized dividend and a yield of 18.05%. The ex-dividend date was Thursday, November 21st. TORM's dividend payout ratio (DPR) is currently 45.28%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TRMD shares. Fearnley Fonds upgraded TORM to a "hold" rating in a research report on Friday, September 27th. Jefferies Financial Group cut their target price on TORM from $37.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, November 14th.

About TORM

TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.