Glenorchy Capital Ltd Invests $842,000 in TORM plc (NASDAQ:TRMD)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. PSI Advisors LLC acquired a new stake in TORM in the fourth quarter valued at $30,000. Optimum Investment Advisors grew its holdings in TORM by 200.0% during the fourth quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock worth $46,000 after purchasing an additional 1,000 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in TORM in the third quarter valued at approximately $129,000. Citigroup Inc. lifted its position in shares of TORM by 61.5% in 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. Finally, U S Global Investors Inc. increased its holdings in shares of TORM by 108.9% during the 3rd quarter. U S Global Investors Inc. now owns 5,961 shares of the company’s stock worth $164,000 after acquiring an additional 3,107 shares during the last quarter. Institutional investors own 73.89% of the company’s stock.

TORM Stock Performance

TRMD stock traded up $0.58 during mid-day trading on Tuesday, hitting $33.35. 513,087 shares of the company were exchanged, compared to its average volume of 650,112. TORM plc has a 1-year low of $22.31 and a 1-year high of $37.11. The stock has a market capitalization of $2.72 billion, a PE ratio of 4.47 and a beta of 0.15. The business has a 50 day simple moving average of $34.09 and a 200-day simple moving average of $32.25. The company has a current ratio of 2.60, a quick ratio of 2.37 and a debt-to-equity ratio of 0.53.

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

TORM Cuts Dividend

The business 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 dividend on an annualized basis and a dividend yield of 16.31%. TORM’s payout ratio is 53.22%.

TORM 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.