27,678 Shares in TORM plc (NASDAQ:TRMD) Acquired by Glenorchy Capital Ltd

Glenorchy Capital Ltd bought a new stake in TORM plc (NASDAQ:TRMD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 27,678 shares of the company’s stock, valued at approximately $842,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of TORM by 2.7% in the third quarter. Vanguard Group Inc. now owns 1,073,569 shares of the company’s stock valued at $29,545,000 after purchasing an additional 28,478 shares during the period. Bank of New York Mellon Corp raised its stake in shares of 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 buying an additional 1,144 shares during the last quarter. Swiss National Bank boosted its position in shares of TORM by 15.5% in the 3rd quarter. Swiss National Bank now owns 75,052 shares of the company’s stock worth $2,037,000 after buying an additional 10,081 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in TORM in the 4th quarter valued at about $2,000,000. Finally, DekaBank Deutsche Girozentrale increased its holdings 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. 73.89% of the stock is currently owned by hedge funds and other institutional investors.

TORM Price Performance

Shares of NASDAQ TRMD traded up $0.58 on Tuesday, hitting $33.35. The company’s stock had a trading volume of 513,087 shares, compared to its average volume of 650,112. The stock has a 50 day moving average of $34.09 and a 200-day moving average of $32.25. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 4.47 and a beta of 0.15. TORM plc has a 12-month low of $22.31 and a 12-month high of $37.11. 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 (NASDAQ:TRMD) last announced 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 firm had revenue of $387.78 million for the quarter.

TORM Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $1.36 per share. The ex-dividend date is Monday, April 15th. This represents a $5.44 annualized dividend and a yield of 16.31%. TORM’s dividend payout ratio (DPR) is presently 53.22%.

TORM Company Profile

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.