Trexquant Investment LP lifted its stake in TORM plc (NASDAQ:TRMD - Free Report) by 121.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,520 shares of the company's stock after acquiring an additional 67,682 shares during the period. Trexquant Investment LP owned 0.13% of TORM worth $2,402,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quarry LP bought a new position in TORM during the 3rd quarter valued at $51,000. Weiss Asset Management LP bought a new position in TORM during the third quarter valued at about $1,026,000. XTX Topco Ltd grew its holdings in TORM by 120.3% during the third quarter. XTX Topco Ltd now owns 24,070 shares of the company's stock worth $823,000 after acquiring an additional 13,144 shares during the period. Barclays PLC raised its position in TORM by 65.4% in the third quarter. Barclays PLC now owns 384,308 shares of the company's stock worth $13,140,000 after acquiring an additional 151,942 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in TORM by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 81,626 shares of the company's stock valued at $2,791,000 after acquiring an additional 505 shares during the last quarter. 73.89% of the stock is currently owned by institutional investors.
TORM Trading Up 4.1 %
TRMD traded up $0.62 during trading on Friday, reaching $15.86. The company had a trading volume of 840,415 shares, compared to its average volume of 975,196. 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 plc has a 12-month low of $13.60 and a 12-month high of $40.47. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 2.05 and a beta of 0.20. The firm's 50-day simple moving average is $17.92 and its 200 day simple moving average is $21.63.
TORM Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, March 20th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 15.13%. TORM's dividend payout ratio is currently 27.43%.
Wall Street Analyst Weigh In
Separately, Kepler Capital Markets lowered shares of TORM from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 27th.
Check Out Our Latest Stock Report on TORM
TORM Company 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.
Featured Articles
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
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
