Vanguard Group Inc. increased its position in TORM plc (NASDAQ:TRMD - Free Report) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,073,569 shares of the company's stock after acquiring an additional 28,478 shares during the quarter. Vanguard Group Inc. owned about 1.32% of TORM worth $29,545,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Swiss National Bank grew its position in TORM by 7.9% in the 1st quarter. Swiss National Bank now owns 58,020 shares of the company's stock worth $503,000 after purchasing an additional 4,248 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of TORM during the 1st quarter valued at about $103,000. Citigroup Inc. acquired a new stake in shares of TORM during the 1st quarter valued at about $148,000. Goldman Sachs Group Inc. boosted its position in shares of TORM by 148.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 33,443 shares of the company's stock valued at $296,000 after acquiring an additional 19,968 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of TORM by 190.7% during the 1st quarter. Jane Street Group LLC now owns 196,065 shares of the company's stock valued at $1,695,000 after acquiring an additional 128,617 shares in the last quarter. Institutional investors own 73.89% of the company's stock.
TORM Price Performance
Shares of TORM stock traded down $0.50 during trading on Friday, hitting $35.33. 847,019 shares of the company's stock traded hands, compared to its average volume of 644,480. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.37. The firm's fifty day moving average price is $34.25 and its 200 day moving average price is $31.89. TORM plc has a twelve month low of $22.31 and a twelve month high of $37.11. The company has a market cap of $2.88 billion, a PE ratio of 4.74 and a beta of 0.15.
TORM (NASDAQ:TRMD - Get Free Report) last issued its earnings results 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 for the quarter.
TORM Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Tuesday, April 16th will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $5.44 annualized dividend and a dividend yield of 15.40%. TORM's dividend payout ratio (DPR) is currently 57.10%.
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.
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