Fox Run Management L.L.C. Purchases Shares of 15,088 TORM plc (NASDAQ:TRMD)

Fox Run Management L.L.C. purchased a new stake in TORM plc (NASDAQ:TRMD) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,088 shares of the company’s stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP acquired a new position in TORM during the 3rd quarter valued at about $51,000. Jones Financial Companies Lllp grew its stake in shares of TORM by 49.5% during the fourth quarter. Jones Financial Companies Lllp now owns 5,859 shares of the company’s stock worth $114,000 after acquiring an additional 1,939 shares during the last quarter. Apollon Wealth Management LLC raised its position in shares of TORM by 26.1% in the 4th quarter. Apollon Wealth Management LLC now owns 10,719 shares of the company’s stock valued at $208,000 after purchasing an additional 2,219 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in TORM in the 3rd quarter worth approximately $224,000. Finally, U S Global Investors Inc. boosted its stake in TORM by 26.3% in the 4th quarter. U S Global Investors Inc. now owns 12,620 shares of the company’s stock worth $245,000 after purchasing an additional 2,625 shares in the last quarter. Hedge funds and other institutional investors own 73.89% of the company’s stock.

TORM Trading Down 4.0 %

Shares of TORM stock opened at $16.97 on Friday. TORM plc has a 12-month low of $16.73 and a 12-month high of $40.47. The firm’s 50 day simple moving average is $19.05 and its two-hundred day simple moving average is $23.36. The company has a current ratio of 2.47, a quick ratio of 2.24 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 2.20 and a beta of 0.14.

TORM Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 20th will be issued a $0.60 dividend. The ex-dividend date is Thursday, March 20th. This represents a $2.40 annualized dividend and a dividend yield of 14.14%. TORM’s dividend payout ratio (DPR) is presently 27.43%.

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.