Virtu Financial LLC Makes New Investment in TORM plc (NASDAQ:TRMD)

Virtu Financial LLC purchased a new stake in shares of TORM plc (NASDAQ:TRMD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 31,194 shares of the company’s stock, valued at approximately $607,000.

Several other institutional investors have also recently made changes to their positions in TRMD. Barclays PLC increased its holdings in TORM by 65.4% during the third quarter. Barclays PLC now owns 384,308 shares of the company’s stock valued at $13,140,000 after buying an additional 151,942 shares during the last quarter. Soros Fund Management LLC purchased a new stake in shares of TORM in the 3rd quarter worth $3,419,000. Centiva Capital LP bought a new position in TORM in the 3rd quarter worth $3,077,000. Platinum Investment Management Ltd. lifted its position in TORM by 92.5% during the fourth quarter. Platinum Investment Management Ltd. now owns 152,439 shares of the company’s stock valued at $2,929,000 after purchasing an additional 73,240 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in TORM during the fourth quarter valued at about $1,093,000. Institutional investors own 73.89% of the company’s stock.

TORM Stock Down 2.2 %

NASDAQ TRMD opened at $18.01 on Wednesday. TORM plc has a 52 week low of $16.76 and a 52 week high of $40.47. The company has a quick ratio of 2.24, a current ratio of 2.47 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.69 billion, a P/E ratio of 2.33 and a beta of 0.14. The stock’s 50-day moving average price is $19.23 and its 200-day moving average price is $23.44.

TORM Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 13.33%. The ex-dividend date is Thursday, March 20th. TORM’s payout ratio is 27.43%.

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.