Sei Investments Co. decreased its holdings in TORM plc (NASDAQ:TRMD - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,359 shares of the company's stock after selling 48,348 shares during the quarter. Sei Investments Co. owned approximately 0.05% of TORM worth $979,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of TRMD. Quarry LP acquired a new stake in shares of TORM in the third quarter valued at approximately $51,000. Jones Financial Companies Lllp boosted its position in TORM by 49.5% in the 4th quarter. Jones Financial Companies Lllp now owns 5,859 shares of the company's stock valued at $114,000 after buying an additional 1,939 shares during the last quarter. Apollon Wealth Management LLC increased its stake in shares of TORM by 26.1% in the 4th quarter. Apollon Wealth Management LLC now owns 10,719 shares of the company's stock valued at $208,000 after buying an additional 2,219 shares during the period. U S Global Investors Inc. lifted its stake in shares of TORM by 26.3% during the fourth 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. Finally, Arkadios Wealth Advisors bought a new position in TORM in the fourth quarter valued at about $301,000. Institutional investors and hedge funds own 73.89% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Kepler Capital Markets downgraded shares of TORM from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 27th.
Get Our Latest Analysis on TRMD
TORM Trading Up 4.1 %
Shares of TRMD stock traded up $0.62 during trading hours on Friday, reaching $15.86. The company had a trading volume of 840,415 shares, compared to its average volume of 975,196. TORM plc has a 1-year low of $13.60 and a 1-year high of $40.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.47 and a quick ratio of 2.24. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 2.05 and a beta of 0.20. The company has a 50 day moving average of $17.92 and a 200 day moving average of $21.63.
TORM Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 20th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 15.13%. The ex-dividend date of this dividend was Thursday, March 20th. TORM's payout ratio is 27.43%.
TORM Profile
(
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.
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