Fox Run Management L.L.C. purchased a new position in shares of TORM plc (NASDAQ:TRMD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,088 shares of the company's stock, valued at approximately $293,000.
Other hedge funds have also recently modified their holdings of the company. Quarry LP bought a new position in TORM in the 3rd quarter worth $51,000. Jones Financial Companies Lllp increased its position in TORM by 49.5% in the fourth quarter. Jones Financial Companies Lllp now owns 5,859 shares of the company's stock worth $114,000 after buying an additional 1,939 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of TORM by 26.1% in the fourth quarter. Apollon Wealth Management LLC now owns 10,719 shares of the company's stock worth $208,000 after buying an additional 2,219 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of TORM during the 3rd quarter valued at about $224,000. Finally, U S Global Investors Inc. grew its stake in shares of TORM by 26.3% during the 4th quarter. U S Global Investors Inc. now owns 12,620 shares of the company's stock valued at $245,000 after acquiring an additional 2,625 shares during the period. Institutional investors own 73.89% of the company's stock.
TORM Price Performance
NASDAQ:TRMD traded down $0.03 on Tuesday, reaching $16.45. 571,346 shares of the company's stock traded hands, compared to its average volume of 954,689. The stock has a 50-day simple moving average of $18.84 and a 200-day simple moving average of $22.86. TORM plc has a 12 month low of $16.14 and a 12 month high of $40.47. The firm has a market cap of $1.55 billion, a PE ratio of 2.13 and a beta of 0.14. The company has a quick ratio of 2.24, a current ratio of 2.47 and a debt-to-equity ratio of 0.51.
TORM Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 20th will be issued a $0.60 dividend. The ex-dividend date is Thursday, March 20th. This represents a $2.40 dividend on an annualized basis and a yield of 14.59%. TORM's dividend payout ratio is presently 27.43%.
Analyst Ratings Changes
Separately, Kepler Capital Markets cut shares of TORM from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 27th.
View Our Latest Report on TORM
About TORM
(
Free Report)
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.
Read More
Before you consider TORM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TORM wasn't on the list.
While TORM currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
