Jones Financial Companies Lllp Acquires 1,939 Shares of TORM plc (NASDAQ:TRMD)

Jones Financial Companies Lllp increased its holdings in TORM plc (NASDAQ:TRMD) by 49.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,859 shares of the company’s stock after buying an additional 1,939 shares during the period. Jones Financial Companies Lllp’s holdings in TORM were worth $114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TRMD. Barclays PLC boosted its holdings in TORM by 65.4% in the 3rd quarter. Barclays PLC now owns 384,308 shares of the company’s stock worth $13,140,000 after buying an additional 151,942 shares during the period. Soros Fund Management LLC bought a new position in TORM in the 3rd quarter valued at $3,419,000. Centiva Capital LP bought a new position in TORM in the 3rd quarter valued at $3,077,000. Holocene Advisors LP bought a new position in TORM in the 3rd quarter valued at $1,710,000. Finally, Tidal Investments LLC bought a new position in TORM in the 3rd quarter valued at $1,601,000. 73.89% of the stock is owned by institutional investors.

TORM Stock Up 3.6 %

Shares of NASDAQ:TRMD opened at $18.28 on Friday. The firm has a fifty day moving average price of $19.60 and a two-hundred day moving average price of $24.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.47 and a quick ratio of 2.24. TORM plc has a one year low of $16.76 and a one year high of $40.47. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 2.36 and a beta of 0.14.

TORM Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 20th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 13.13%. The ex-dividend date of this dividend is Thursday, March 20th. TORM’s payout ratio is 27.43%.

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.