Barclays PLC Has $13.14 Million Stock Position in TORM plc (NASDAQ:TRMD)

Barclays PLC boosted its holdings in shares of TORM plc (NASDAQ:TRMD) by 65.4% in the third quarter, HoldingsChannel reports. The fund owned 384,308 shares of the company’s stock after buying an additional 151,942 shares during the quarter. Barclays PLC’s holdings in TORM were worth $13,140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds 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. National Bank of Canada FI acquired a new position in TORM in the 2nd quarter valued at approximately $26,000. Vanguard Personalized Indexing Management LLC lifted its position in TORM by 7.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,220 shares of the company’s stock worth $433,000 after buying an additional 811 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of TORM by 12.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,338 shares of the company’s stock valued at $365,000 after buying an additional 1,030 shares during the period. Finally, Hibernia Wealth Partners LLC grew its holdings in shares of TORM by 5.5% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 20,974 shares of the company’s stock valued at $717,000 after acquiring an additional 1,092 shares in the last quarter. Hedge funds and other institutional investors own 73.89% of the company’s stock.

TORM Trading Up 3.7 %

Shares of TRMD opened at $19.45 on Monday. 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 twelve month low of $18.72 and a twelve month high of $40.47. The firm’s 50 day moving average price is $24.87 and its 200 day moving average price is $32.40.

TORM Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were paid a $0.876 dividend. This represents a $3.50 annualized dividend and a dividend yield of 18.02%. The ex-dividend date was Thursday, November 21st. TORM’s payout ratio is presently 45.28%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRMD. Fearnley Fonds upgraded TORM to a “hold” rating in a report on Friday, September 27th. Jefferies Financial Group dropped their target price on TORM from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

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.