Insider Selling: Torm (NASDAQ:TRMD) CEO Sells 379,014 Shares of Stock

Posted by Stanley Muller on May 20th, 2026

Torm Plc (NASDAQ:TRMD – Get Free Report) CEO Jacob Balslev Meldgaard sold 379,014 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $31.94, for a total transaction 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 approximately $11,128,247.34. This trade represents a 52.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jacob Balslev Meldgaard also recently made the following trade(s):

On Wednesday, May 20th, Jacob Balslev Meldgaard sold 170,133 shares of Torm stock. The shares were sold at an average price of $32.30, for a total transaction of $5,495,295.90.

Torm Stock Up 3.2%

Torm stock traded up $1.02 during mid-day trading on Wednesday, reaching $32.70. The company’s stock had a trading volume of 1,083,703 shares, compared to its average volume of 806,633. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 9.62 and a beta of 0.14. Torm Plc has a 12 month low of $15.79 and a 12 month high of $35.33. The business’s 50 day simple moving average is $29.65 and its 200 day simple moving average is $25.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.40.

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

Torm Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be paid a $0.70 dividend. The ex-dividend date is Thursday, May 28th. This represents a $2.80 dividend on an annualized basis and a yield of 8.6%. Torm’s dividend payout ratio (DPR) is currently 60.00%.

Institutional Trading of Torm

A number of hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its holdings in Torm by 2.6% in the 3rd quarter. NewEdge Advisors LLC now owns 18,109 shares of the company’s stock valued at $373,000 after buying an additional 459 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Torm by 1.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 31,391 shares of the company’s stock valued at $615,000 after buying an additional 477 shares during the period. Pictet Asset Management Holding SA increased its holdings in Torm by 3.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 15,214 shares of the company’s stock valued at $431,000 after buying an additional 479 shares during the period. Midwest Professional Planners LTD. increased its holdings in Torm by 0.5% in the 1st quarter. Midwest Professional Planners LTD. now owns 91,505 shares of the company’s stock valued at $2,553,000 after buying an additional 495 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Torm by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 83,133 shares of the company’s stock valued at $1,385,000 after buying an additional 611 shares during the period. Institutional investors and hedge funds own 73.89% of the company’s stock.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on TRMD

Torm Company Profile

(Get 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.