Mraz Amerine & Associates Inc. Has $215,000 Position in TORM plc (NASDAQ:TRMD)

Mraz Amerine & Associates Inc. lessened its stake in TORM plc (NASDAQ:TRMD) by 32.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,085 shares of the company’s stock after selling 3,419 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in TORM were worth $215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TRMD. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TORM by 18.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,308 shares of the company’s stock worth $554,000 after purchasing an additional 2,869 shares in the last quarter. Mackenzie Financial Corp raised its position in TORM by 147.7% during the fourth quarter. Mackenzie Financial Corp now owns 28,494 shares of the company’s stock worth $864,000 after acquiring an additional 16,992 shares in the last quarter. International Assets Investment Management LLC bought a new stake in TORM during the fourth quarter worth $2,000,000. DekaBank Deutsche Girozentrale raised its position in TORM by 45.8% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 52,067 shares of the company’s stock worth $1,579,000 after acquiring an additional 16,360 shares in the last quarter. Finally, Venture Visionary Partners LLC bought a new stake in TORM during the fourth quarter worth $383,000. Institutional investors and hedge funds own 73.89% of the company’s stock.

TORM Stock Performance

NASDAQ TRMD traded down $0.45 on Thursday, hitting $32.61. 135,673 shares of the stock were exchanged, compared to its average volume of 649,359. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.37. The business’s fifty day moving average is $34.19 and its 200 day moving average is $32.03. TORM plc has a 52 week low of $22.31 and a 52 week high of $37.11. The company has a market capitalization of $2.66 billion, a PE ratio of 4.43 and a beta of 0.15.

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

TORM Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Tuesday, April 16th will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 16.68%. The ex-dividend date is Monday, April 15th. TORM’s payout ratio is presently 53.22%.

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.