XTX Topco Ltd lifted its stake in TORM plc (NASDAQ:TRMD - Free Report) by 89.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,651 shares of the company's stock after purchasing an additional 21,581 shares during the quarter. XTX Topco Ltd's holdings in TORM were worth $888,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in shares of 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 acquiring an additional 1,939 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of TORM by 26.1% during the fourth 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. Aristides Capital LLC purchased a new stake in TORM in the 4th quarter worth about $216,000. U S Global Investors Inc. grew its stake in 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 in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of TORM in the 4th quarter valued at about $293,000. 73.89% of the stock is owned by hedge funds and other institutional investors.
TORM Stock Down 0.3 %
Shares of TRMD traded down $0.04 during trading hours on Tuesday, hitting $15.50. 131,751 shares of the company were exchanged, compared to its average volume of 967,761. The company has a market cap of $1.46 billion, a PE ratio of 2.01 and a beta of 0.20. 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's 50 day moving average is $17.34 and its 200-day moving average is $20.78. TORM plc has a 52 week low of $13.60 and a 52 week high of $40.47.
TORM Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 20th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 15.48%. The ex-dividend date of this dividend was Thursday, March 20th. TORM's dividend payout ratio is 27.43%.
Analyst Ratings Changes
Several research firms have weighed in on TRMD. Evercore ISI dropped their price objective on shares of TORM from $25.00 to $23.00 and set an "outperform" rating on the stock in a research note on Tuesday. Kepler Capital Markets downgraded TORM from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 27th.
Read Our Latest Analysis on TRMD
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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