Mackenzie Financial Corp Has $864,000 Position in TORM plc (NASDAQ:TRMD)

Mackenzie Financial Corp boosted its position in TORM plc (NASDAQ:TRMD) by 147.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,494 shares of the company’s stock after purchasing an additional 16,992 shares during the quarter. Mackenzie Financial Corp’s holdings in TORM were worth $864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in TORM in the 4th quarter worth about $2,000,000. DekaBank Deutsche Girozentrale increased its holdings in TORM by 45.8% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 52,067 shares of the company’s stock worth $1,579,000 after purchasing an additional 16,360 shares in the last quarter. Venture Visionary Partners LLC acquired a new position in TORM in the 4th quarter worth about $383,000. U S Global Investors Inc. increased its holdings in TORM by 47.1% in the 4th quarter. U S Global Investors Inc. now owns 8,769 shares of the company’s stock worth $267,000 after purchasing an additional 2,808 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC acquired a new stake in shares of TORM in the fourth quarter valued at about $271,000. Institutional investors and hedge funds own 73.89% of the company’s stock.

TORM Trading Up 2.0 %

Shares of TRMD stock opened at $34.03 on Friday. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 4.56 and a beta of 0.15. The stock has a 50-day moving average of $34.07 and a 200-day moving average of $32.27. 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 plc has a 1-year low of $22.31 and a 1-year high of $37.11.

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

TORM Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Tuesday, April 16th were given a dividend of $1.36 per share. The ex-dividend date was Monday, April 15th. This represents a $5.44 annualized dividend and a dividend yield of 15.99%. 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.