TORM plc (NASDAQ:TRMD) Stake Lessened by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. lessened its stake in TORM plc (NASDAQ:TRMD) by 32.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,085 shares of the company’s stock after selling 3,419 shares during the period. Mraz Amerine & Associates Inc.’s holdings in TORM were worth $215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Optimum Investment Advisors boosted its holdings in TORM by 200.0% in the fourth quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock worth $46,000 after purchasing an additional 1,000 shares during the period. Advisor Group Holdings Inc. boosted its holdings in shares of TORM by 58.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,405 shares of the company’s stock valued at $71,000 after acquiring an additional 889 shares during the period. Royal Bank of Canada acquired a new position in shares of TORM during the second quarter valued at $88,000. JPMorgan Chase & Co. acquired a new position in shares of TORM during the first quarter valued at $103,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of TORM during the third quarter valued at $129,000. Institutional investors own 73.89% of the company’s stock.

TORM Stock Performance

Shares of TRMD traded down $0.45 during midday trading on Thursday, hitting $32.61. 135,673 shares of the stock traded hands, compared to its average volume of 649,359. TORM plc has a 1-year low of $22.31 and a 1-year high of $37.11. The firm has a market capitalization of $2.66 billion, a PE ratio of 4.43 and a beta of 0.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.37 and a current ratio of 2.60. The business’s 50 day moving average price is $34.19 and its two-hundred day moving average price is $32.03.

TORM (NASDAQ:TRMD) last announced 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 company had revenue of $387.78 million during the quarter.

TORM Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 16.68%. The ex-dividend date of this dividend is Monday, April 15th. TORM’s dividend payout ratio (DPR) is 53.22%.

TORM Company 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.