Corigliano Investment Advisers LLC Sells 48,700 Shares of Torm Plc $TRMD

Posted by Stanley Muller on Jun 18th, 2026

Corigliano Investment Advisers LLC cut its position in shares of Torm Plc (NASDAQ:TRMD – Free Report) by 38.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 76,700 shares of the company’s stock after selling 48,700 shares during the period. Torm accounts for about 0.5% of Corigliano Investment Advisers LLC’s investment portfolio, making the stock its 29th largest holding. Corigliano Investment Advisers LLC’s holdings in Torm were worth $1,502,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRMD. NewEdge Advisors LLC boosted its stake in Torm by 2.6% during the third quarter. NewEdge Advisors LLC now owns 18,109 shares of the company’s stock worth $373,000 after buying an additional 459 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Torm by 1.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 31,391 shares of the company’s stock valued at $615,000 after acquiring an additional 477 shares in the last quarter. Geode Capital Management LLC increased its stake in Torm by 0.7% in the second quarter. Geode Capital Management LLC now owns 83,133 shares of the company’s stock valued at $1,385,000 after acquiring an additional 611 shares during the period. Glenorchy Capital Ltd raised its position in Torm by 3.5% in the second quarter. Glenorchy Capital Ltd now owns 29,670 shares of the company’s stock worth $494,000 after purchasing an additional 1,003 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Torm by 9.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 14,496 shares of the company’s stock worth $284,000 after purchasing an additional 1,203 shares during the period. 73.89% of the stock is owned by institutional investors.

Torm Trading Down 2.4%

Shares of TRMD opened at $29.02 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.40. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 8.54 and a beta of 0.08. The stock has a fifty day moving average price of $30.65 and a two-hundred day moving average price of $26.45. Torm Plc has a 52-week low of $16.36 and a 52-week high of $35.33.

Torm (NASDAQ:TRMD – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.15). Torm had a return on equity of 15.81% and a net margin of 24.45%.The business had revenue of $402.00 million for the quarter, compared to the consensus estimate of $297.43 million.

Torm Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend was Thursday, May 28th. Torm’s payout ratio is currently 60.00%.

Insider Activity

In related news, CEO Jacob Balslev Meldgaard sold 379,014 shares of Torm stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $31.94, for a total value of $12,105,707.16. Following the completion of the transaction, the chief executive officer directly owned 348,411 shares of the company’s stock, valued at $11,128,247.34. The trade was a 52.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Pareto Securities downgraded Torm from a “hold” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Torm in a report on Friday, April 17th. Evercore set a $35.00 price target on Torm in a research note on Tuesday, April 21st. Finally, Wall Street Zen cut Torm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Check Out Our Latest Stock Report on Torm

About Torm

(Free Report)

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.