Virtu Financial LLC Makes New Investment in TORM plc (NASDAQ:TRMD)

Virtu Financial LLC acquired a new position in TORM plc (NASDAQ:TRMD) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 31,194 shares of the company’s stock, valued at approximately $607,000.

A number of other hedge funds have also recently made changes to their positions in the business. Quarry LP purchased a new position in TORM in the 3rd quarter worth approximately $51,000. Jones Financial Companies Lllp lifted its holdings in shares of TORM by 49.5% in the fourth quarter. Jones Financial Companies Lllp now owns 5,859 shares of the company’s stock worth $114,000 after buying an additional 1,939 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of TORM during the third quarter worth $224,000. Apollon Wealth Management LLC grew its stake in 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 acquiring an additional 2,219 shares in the last quarter. Finally, U S Global Investors Inc. increased its holdings in TORM by 26.3% in the 4th quarter. U S Global Investors Inc. now owns 12,620 shares of the company’s stock valued at $245,000 after acquiring an additional 2,625 shares during the last quarter. Institutional investors own 73.89% of the company’s stock.

TORM Stock Down 2.2 %

TRMD opened at $18.01 on Wednesday. The company has a market capitalization of $1.69 billion, a PE ratio of 2.33 and a beta of 0.14. The firm has a 50-day simple moving average of $19.23 and a two-hundred day simple moving average of $23.44. 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 plc has a 52 week low of $16.76 and a 52 week high of $40.47.

TORM Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Thursday, March 20th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 13.33%. The ex-dividend date is Thursday, March 20th. TORM’s payout ratio 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.