Tucker Asset Management LLC Makes New Investment in TORM plc (NASDAQ:TRMD)

Tucker Asset Management LLC bought a new position in shares of TORM plc (NASDAQ:TRMD) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,665 shares of the company’s stock, valued at approximately $81,000.

A number of other large investors have also modified their holdings of TRMD. Creekmur Asset Management LLC acquired a new position in shares of TORM in the fourth quarter valued at about $27,000. Scarborough Advisors LLC acquired a new position in TORM during the fourth quarter worth $37,000. Tower Research Capital LLC TRC lifted its stake in TORM by 575.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,919 shares of the company’s stock valued at $58,000 after buying an additional 1,635 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of TORM in the fourth quarter worth approximately $681,000. Finally, Trexquant Investment LP purchased a new stake in TORM during the 4th quarter valued at about $546,000. Hedge funds and other institutional investors own 73.89% of the company’s stock.

TORM Trading Down 2.7 %

TORM stock traded down $0.96 during trading on Friday, reaching $33.96. 905,773 shares of the company were exchanged, compared to its average volume of 852,244. The stock’s 50 day simple moving average is $35.67 and its two-hundred day simple moving average is $33.84. The company has a market capitalization of $2.77 billion, a P/E ratio of 4.55 and a beta of 0.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.37. TORM plc has a 52-week low of $22.31 and a 52-week high of $38.51.

TORM Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 22nd were given a dividend of $1.50 per share. This is a boost from TORM’s previous quarterly dividend of $1.36. This represents a $6.00 annualized dividend and a yield of 17.67%. The ex-dividend date of this dividend was Tuesday, May 21st. TORM’s dividend payout ratio (DPR) is presently 58.71%.

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.