2 weeks Ago By Defense World Staff
Swiss National Bank grew its position in TORM plc (NASDAQ:TRMD – Free Report) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,760 shares of the company’s stock after purchasing an additional 11,469 shares during the quarter.
Swiss National Bank owned approximately 0.12% of TORM worth $2,191,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also modified their holdings of the company.
Quarry LP bought a new position in TORM in the 3rd quarter worth $51,000. Jones Financial Companies Lllp increased 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 purchasing an additional 1,939 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of TORM in the third quarter worth about $224,000. 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 worth $208,000 after purchasing an additional 2,219 shares during the last quarter. Finally, U S Global Investors Inc.
boosted 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 purchasing an additional 2,625 shares during the period. 73.89% of the stock is currently owned by institutional investors and hedge funds.
TORM Stock PerformanceShares of NASDAQ TRMD opened at $16.97 on Friday. TORM plc has a 12 month low of $16.
73 and a 12 month high of $40.47. The company has a market cap of $1.
60 billion, a P/E ratio of 2.20 and a beta of 0.14.
The business’s 50 day moving average is $19.05 and its two-hundred day moving average is $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 DividendThe business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 20th will be given a dividend of $0.
60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 14.
14%. The ex-dividend date of this dividend is Thursday, March 20th. TORM’s dividend payout ratio (DPR) is currently 27.
43%. About TORM (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.Further ReadingFive stocks we like better than TORMTop Biotech Stocks: Exploring Innovation OpportunitiesPenny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell What is a penny stock? A comprehensive guideTop 3 Beverage Stocks Pouring Out ProfitsFollowing Congress Stock TradesCarMax and Carvana: Steering the Used Car Market.
