TORM plc (NASDAQ:TRMD) Stock Holdings Decreased by Barclays PLC

Barclays PLC cut its position in shares of TORM plc (NASDAQ:TRMD) by 82.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,149 shares of the company’s stock after selling 317,159 shares during the quarter. Barclays PLC owned 0.07% of TORM worth $1,306,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its position in TORM by 49.5% in the 4th quarter. Jones Financial Companies Lllp now owns 5,859 shares of the company’s stock valued at $114,000 after purchasing an additional 1,939 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of TORM by 26.1% during the fourth 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. Aristides Capital LLC purchased a new position in shares of TORM in the fourth quarter worth approximately $216,000. U S Global Investors Inc. grew its position in TORM by 26.3% during 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. Finally, Fox Run Management L.L.C. acquired a new position in TORM during the fourth quarter valued at $293,000. Institutional investors own 73.89% of the company’s stock.

Analysts Set New Price Targets

TRMD has been the subject of a number of research reports. Evercore ISI decreased their target price on shares of TORM from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Kepler Capital Markets downgraded shares of TORM from a “hold” rating to a “strong sell” rating in a report on Thursday, March 27th.

TORM Stock Up 1.8 %

TRMD stock opened at $16.72 on Friday. TORM plc has a twelve month low of $13.60 and a twelve month high of $40.47. The company has a market cap of $1.57 billion, a PE ratio of 2.16 and a beta of 0.20. The business’s 50-day simple moving average is $16.81 and its 200 day simple moving average is $19.90. The company has a quick ratio of 2.24, a current ratio of 2.47 and a debt-to-equity ratio of 0.51.

TORM Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, March 20th. This represents a $2.40 dividend on an annualized basis and a yield of 14.35%. TORM’s dividend payout ratio is currently 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.