Tower Research Capital LLC TRC Boosts Stock Position in TORM plc (NASDAQ:TRMD)

Tower Research Capital LLC TRC lifted its holdings in shares of TORM plc (NASDAQ:TRMD) by 575.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,919 shares of the company’s stock after acquiring an additional 1,635 shares during the quarter. 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 large investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its position in TORM by 45.8% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 52,067 shares of the company’s stock valued at $1,579,000 after acquiring an additional 16,360 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of TORM by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,073,569 shares of the company’s stock worth $29,545,000 after purchasing an additional 28,478 shares in the last quarter. Citigroup Inc. raised its stake in TORM by 61.5% during the third 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 last quarter. Venture Visionary Partners LLC purchased a new stake in shares of TORM in the fourth quarter worth $383,000. Finally, International Assets Investment Management LLC purchased a new position in shares of TORM in the 4th quarter worth about $2,000,000. Institutional investors own 73.89% of the company’s stock.

TORM Stock Up 0.5 %

TORM stock traded up $0.19 during trading hours on Monday, hitting $34.84. The stock had a trading volume of 552,511 shares, compared to its average volume of 644,637. The stock’s 50-day moving average price is $34.09 and its 200-day moving average price is $32.43. TORM plc has a 12-month low of $22.31 and a 12-month high of $37.11. The company has a quick ratio of 2.37, a current ratio of 2.60 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $2.84 billion, a P/E ratio of 4.67 and a beta of 0.15.

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

TORM Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Tuesday, April 16th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 15.61%. The ex-dividend date of this dividend was Monday, April 15th. TORM’s dividend payout ratio is currently 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.