TORM plc (NASDAQ:TRMD) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in TORM plc (NASDAQ:TRMD) by 575.7% in the fourth quarter, Holdings Channel reports. The firm owned 1,919 shares of the company’s stock after purchasing an additional 1,635 shares during the period. Tower Research Capital LLC TRC’s holdings in TORM were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of TORM by 4.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,496 shares of the company’s stock worth $316,000 after purchasing an additional 484 shares during the last quarter. Optimum Investment Advisors raised its holdings in shares of TORM by 200.0% during the fourth quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock worth $46,000 after purchasing an additional 1,000 shares during the last quarter. PSI Advisors LLC acquired a new position in TORM during the fourth quarter valued at $30,000. Bank of New York Mellon Corp grew its position in TORM by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 99,813 shares of the company’s stock worth $2,747,000 after purchasing an additional 1,144 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of TORM by 61.5% in the 3rd quarter. Citigroup Inc. now owns 4,990 shares of the company’s stock valued at $136,000 after buying an additional 1,900 shares during the period. Institutional investors and hedge funds own 73.89% of the company’s stock.

TORM Stock Performance

TRMD stock traded up $0.19 during trading on Monday, hitting $34.84. 552,511 shares of the company traded hands, compared to its average volume of 644,637. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.37. TORM plc has a 1 year low of $22.31 and a 1 year high of $37.11. The stock’s 50-day simple moving average is $34.09 and its 200 day simple moving average is $32.43. The company has a market cap of $2.84 billion, a PE ratio of 4.67 and a beta of 0.15.

TORM (NASDAQ:TRMD) last issued its quarterly earnings data on Thursday, March 7th. The company reported $1.56 earnings per share for the quarter. TORM had a net margin of 42.64% and a return on equity of 36.99%. The business had revenue of $387.78 million during the quarter.

TORM Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Tuesday, April 16th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 15.61%. TORM’s dividend payout ratio (DPR) is 53.22%.

About TORM

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.