Apollon Wealth Management LLC Purchases 2,219 Shares of TORM plc (NASDAQ:TRMD)

Apollon Wealth Management LLC raised its position in TORM plc (NASDAQ:TRMD) by 26.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,719 shares of the company’s stock after acquiring an additional 2,219 shares during the period. Apollon Wealth Management LLC’s holdings in TORM were worth $208,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TRMD. Assetmark Inc. lifted its position in shares of TORM by 76.9% in the third quarter. Assetmark Inc. now owns 1,187 shares of the company’s stock worth $41,000 after purchasing an additional 516 shares in the last quarter. Quarry LP bought a new stake in TORM during the 3rd quarter worth about $51,000. Thrivent Financial for Lutherans bought a new position in shares of TORM in the 3rd quarter valued at about $224,000. Arkadios Wealth Advisors bought a new position in shares of TORM in the 4th quarter valued at about $301,000. Finally, Exchange Traded Concepts LLC bought a new stake in TORM during the fourth quarter worth about $312,000. Institutional investors own 73.89% of the company’s stock.

TORM Stock Down 1.8 %

TORM stock opened at $19.20 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.47 and a quick ratio of 2.24. The company’s 50-day moving average is $19.94 and its 200-day moving average is $27.05. The firm has a market capitalization of $1.80 billion, a PE ratio of 2.48 and a beta of 0.21. TORM plc has a fifty-two week low of $17.77 and a fifty-two week high of $40.47.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered their price target on TORM from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

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.