6 days Ago By ABMN Staff
Mariner LLC boosted its position in shares of TORM plc ( NASDAQ:TRMD – Free Report ) by 129.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,382 shares of the company’s stock after purchasing an additional 23,337 shares during the quarter.
Mariner LLC’s holdings in TORM were worth $805,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in shares of TORM in the fourth quarter valued at $312,000.
Franklin Resources Inc. purchased a new stake in shares of TORM in the third quarter valued at $1,047,000. PSI Advisors LLC lifted its position in shares of TORM by 139.
8% in the fourth quarter. PSI Advisors LLC now owns 42,367 shares of the company’s stock valued at $824,000 after acquiring an additional 24,702 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of TORM in the fourth quarter valued at $301,000.
Finally, Vanguard Group Inc. lifted its position in shares of TORM by 22.4% in the fourth quarter.
Vanguard Group Inc. now owns 1,885,040 shares of the company’s stock valued at $36,417,000 after acquiring an additional 345,463 shares in the last quarter. 73.
89% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades TRMD has been the topic of several recent research reports. Evercore ISI reduced their price objective on TORM from $25.
00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Kepler Capital Markets downgraded shares of TORM from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 27th.
TORM Price Performance TORM stock opened at $16.26 on Tuesday. TORM plc has a 1 year low of $13.
60 and a 1 year high of $40.47. The firm has a 50 day moving average price of $17.
00 and a 200 day moving average price of $20.21. The company has a market cap of $1.
53 billion, a price-to-earnings ratio of 2.10 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. TORM Cuts Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Thursday, March 20th were issued a $0.
60 dividend. The ex-dividend date was Thursday, March 20th. This represents a $2.
40 dividend on an annualized basis and a yield of 14.76%. 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. See Also Want to see what other hedge funds are holding TRMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TORM plc ( NASDAQ:TRMD – Free Report ).
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