Vanguard Group Inc. boosted its position in TORM plc (NASDAQ:TRMD – Free Report) by 22.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,885,040 shares of the company’s stock after purchasing an additional 345,463 shares during the quarter. Vanguard Group Inc.’s holdings in TORM were worth $36,417,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in shares of TORM in the fourth quarter valued at approximately $312,000. Franklin Resources Inc. acquired a new position in shares of TORM during the third quarter worth approximately $1,047,000. PSI Advisors LLC grew its holdings in TORM by 139.8% in the 4th quarter. PSI Advisors LLC now owns 42,367 shares of the company’s stock worth $824,000 after buying an additional 24,702 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in TORM in the 4th quarter valued at approximately $301,000. Finally, Tidal Investments LLC bought a new stake in TORM during the 3rd quarter valued at $1,601,000. 73.89% of the stock is owned by institutional investors and hedge funds.
TORM Trading Up 4.1 %
Shares of NASDAQ:TRMD opened at $15.86 on Monday. The company has a 50 day moving average of $17.92 and a 200-day moving average of $21.53. 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 cap of $1.49 billion, a P/E ratio of 2.05 and a beta of 0.20. TORM plc has a twelve month low of $13.60 and a twelve month high of $40.47.
TORM Cuts Dividend
Analyst Upgrades and Downgrades
Separately, Kepler Capital Markets cut TORM from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 27th.
Read Our Latest Stock Report on TRMD
About TORM
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.
See Also
- Five stocks we like better than TORM
- Energy and Oil Stocks Explained
- Is McDonald’s Stock Serving a Value Meal to Investors?
- High Flyers: 3 Natural Gas Stocks for March 2022
- Walgreens Comeback? Private Equity Circling for a Buyout
- How to Calculate Return on Investment (ROI)
- Coca-Cola Stock Looks Refreshing After the Relief Rally
Want to see what other hedge funds are holding TRMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TORM plc (NASDAQ:TRMD – Free Report).
Receive News & Ratings for TORM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TORM and related companies with MarketBeat.com's FREE daily email newsletter.