90,000 Shares in TORM plc (NASDAQ:TRMD) Bought by Centiva Capital LP

Centiva Capital LP acquired a new position in TORM plc (NASDAQ:TRMD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,000 shares of the company's stock, valued at approximately $3,077,000.

Other large investors have also added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in TORM by 860.9% during the 2nd quarter. Marshall Wace LLP now owns 1,429,989 shares of the company's stock valued at $55,441,000 after acquiring an additional 1,281,176 shares during the last quarter. Acadian Asset Management LLC lifted its position in TORM by 320.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,265,792 shares of the company's stock valued at $49,189,000 after purchasing an additional 964,801 shares during the last quarter. Hsbc Holdings PLC bought a new stake in TORM in the 2nd quarter valued at about $9,619,000. International Assets Investment Management LLC bought a new stake in TORM in the 3rd quarter valued at about $7,359,000. Finally, Renaissance Technologies LLC lifted its position in TORM by 38.9% in the 2nd quarter. Renaissance Technologies LLC now owns 669,200 shares of the company's stock valued at $25,945,000 after purchasing an additional 187,300 shares during the last quarter. 73.89% of the stock is owned by institutional investors and hedge funds.

TORM Stock Down 3.0 %

Shares of TRMD stock traded down $0.63 during trading on Monday, hitting $20.31. 1,426,547 shares of the company were exchanged, compared to its average volume of 806,691. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.24 and a current ratio of 2.47. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 2.63 and a beta of 0.27. The business's 50-day simple moving average is $27.70 and its 200 day simple moving average is $33.66. TORM plc has a twelve month low of $20.17 and a twelve month high of $40.47.

TORM Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be paid a $0.876 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 17.25%. The ex-dividend date is Thursday, November 21st. TORM's dividend payout ratio (DPR) is presently 45.28%.

Analyst Ratings Changes

Several equities analysts have commented on TRMD shares. Fearnley Fonds raised shares of TORM to a "hold" rating in a research note on Friday, September 27th. Jefferies Financial Group dropped their target price on shares of TORM from $37.00 to $32.00 and set a "buy" rating on the stock 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.