Universal Beteiligungs und Servicegesellschaft mbH Has $1.79 Million Stake in Torm Plc $TRMD

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake by 275.8% in Torm during Q4 to 91,286 shares, now owning about 0.10% of the company worth $1.79 million.
• Torm raised its quarterly dividend to $0.70 (from $0.62), equal to a $2.80 annualized payout and a dividend yield of 8.6% with a payout ratio of 71.83%.
• The company beat expectations last quarter, reporting $0.87 EPS vs. $0.83 consensus and $352.6 million in revenue vs. $236.2 million expected, with a net margin of 21.29% and ROE of 13.26%.

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Torm Plc (NASDAQ:TRMD - Free Report) by 275.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,286 shares of the company's stock after acquiring an additional 66,992 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Torm worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quarry LP acquired a new position in shares of Torm in the third quarter worth $35,000. Tower Research Capital LLC TRC acquired a new position in shares of Torm in the second quarter worth $46,000. Wexford Capital LP acquired a new position in shares of Torm in the third quarter worth $120,000. Invesco Ltd. acquired a new position in shares of Torm in the second quarter worth $190,000. Finally, PharVision Advisers LLC acquired a new position in shares of Torm in the third quarter worth $214,000. 73.89% of the stock is owned by institutional investors and hedge funds.

Torm Trading Up 0.0%

Torm stock opened at $32.56 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.33 and a quick ratio of 1.16. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 11.46 and a beta of 0.14. Torm Plc has a one year low of $15.79 and a one year high of $32.62. The company's fifty day moving average price is $28.75 and its two-hundred day moving average price is $24.38.

Torm (NASDAQ:TRMD - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. Torm had a net margin of 21.29% and a return on equity of 13.26%. The firm had revenue of $352.60 million for the quarter, compared to the consensus estimate of $236.21 million.

Torm Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Thursday, March 12th were paid a $0.70 dividend. The ex-dividend date was Thursday, March 12th. This is a boost from Torm's previous quarterly dividend of $0.62. This represents a $2.80 annualized dividend and a dividend yield of 8.6%. Torm's dividend payout ratio is 71.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TRMD shares. Wall Street Zen raised shares of Torm from a "hold" rating to a "buy" rating in a research note on Sunday, April 12th. Evercore set a $35.00 price target on shares of Torm in a research note on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Torm in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Torm presently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Torm Company Profile

Torm A/S NASDAQ: TRMD is an international shipping company specializing in the transportation of refined petroleum products. The firm owns and operates a modern fleet of product tankers, including both Handysize and MR vessels, which are designed to carry a broad range of clean petroleum cargoes such as gasoline, jet fuel and diesel. Torm's core business revolves around voyage and time-charter contracts with major oil companies, trading houses and other energy sector clients around the world.

The company's fleet is deployed on global trade routes, with particular focus on major refining and consumption regions in Europe, North America and Asia.

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