U S Global Investors Inc. Buys 2,625 Shares of TORM plc (NASDAQ:TRMD)

U S Global Investors Inc. boosted its stake in shares of TORM plc (NASDAQ:TRMD) by 26.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,620 shares of the company’s stock after buying an additional 2,625 shares during the quarter. U S Global Investors Inc.’s holdings in TORM were worth $245,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Centiva Capital LP bought a new position in shares of TORM during the third quarter worth about $3,077,000. Exchange Traded Concepts LLC bought a new position in TORM during the 4th quarter worth approximately $312,000. DekaBank Deutsche Girozentrale lifted its position in shares of TORM by 1,166.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 38,000 shares of the company’s stock worth $1,289,000 after purchasing an additional 35,000 shares during the period. Franklin Resources Inc. bought a new stake in shares of TORM in the 3rd quarter valued at $1,047,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of TORM during the third quarter worth $7,359,000. Institutional investors own 73.89% of the company’s stock.

Analysts Set New Price Targets

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

TORM Trading Down 6.9 %

NASDAQ TRMD opened at $17.52 on Friday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 2.27 and a beta of 0.21. The business has a 50 day simple moving average of $19.94 and a 200 day simple moving average of $25.92. 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 $17.17 and a one year high of $40.47.

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.