Virtu Financial LLC purchased a new stake in shares of TORM plc (NASDAQ:TRMD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 31,194 shares of the company's stock, valued at approximately $607,000.
A number of other large investors have also made changes to their positions in the company. Quarry LP bought a new position in TORM in the 3rd quarter worth $51,000. Jones Financial Companies Lllp raised its stake in shares of 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 during the period. Apollon Wealth Management LLC lifted its position in shares of TORM by 26.1% during 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 in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of TORM during the 3rd quarter valued at approximately $224,000. Finally, U S Global Investors Inc. increased its holdings in TORM by 26.3% in the 4th quarter. U S Global Investors Inc. now owns 12,620 shares of the company's stock worth $245,000 after acquiring an additional 2,625 shares in the last quarter. 73.89% of the stock is currently owned by institutional investors.
TORM Price Performance
NASDAQ:TRMD traded down $0.36 during trading hours on Friday, hitting $16.62. 426,996 shares of the stock traded hands, compared to its average volume of 951,753. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 2.15 and a beta of 0.14. TORM plc has a 1 year low of $16.59 and a 1 year high of $40.47. The stock has a 50 day moving average price of $19.05 and a 200 day moving average price of $23.36. 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. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, March 20th. This represents a $2.40 dividend on an annualized basis and a yield of 14.44%. TORM's dividend payout ratio is presently 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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