Torm (NASDAQ:TRMD) CFO Kim Balle Sells 7,533 Shares of Company Stock

Torm Plc (NASDAQ:TRMD) CFO Kim Balle sold 7,533 shares of Torm stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $36.35, for a total transaction of $273,824.55. Following the transaction, the chief financial officer owned 510 shares of the company’s stock, valued at $18,538.50. This represents a 93.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kim Balle also recently made the following trade(s):

• On Monday, September 21st, Kim Balle sold 15,000 shares of Torm stock. The stock was sold at an average price of $39.08, for a total transaction of $586,200.00.
• On Friday, September 18th, Kim Balle sold 20,000 shares of Torm stock. The shares were sold at an average price of $39.16, for a total transaction of $783,200.00.

Torm Price Performance

TRMD stock opened at $34.30 on Friday. Torm Plc has a 52-week low of $19.30 and a 52-week high of $38.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.97 and a current ratio of 2.27. The business has a 50-day simple moving average of $31.99 and a two-hundred day simple moving average of $30.26. The company has a market capitalization of $3.50 billion, a P/E ratio of 5.65 and a beta of 0.12.

Torm (NASDAQ:TRMD) last announced its earnings results on Wednesday, August 26th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.06). Torm had a net margin of 35.51% and a return on equity of 27.24%. The company had revenue of $662.80 million for the quarter, compared to analysts’ expectations of $499.01 million.

Torm Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were issued a $2.40 dividend. This is an increase from Torm’s previous quarterly dividend of $0.70. This represents a $9.60 annualized dividend and a dividend yield of 28.0%. The ex-dividend date was Thursday, September 10th. Torm’s dividend payout ratio is currently 115.49%.

Key Headlines Impacting Torm

Here are the key news stories impacting Torm this week:

• Positive Sentiment: Hafnia increased its stake to approximately 19.85%. Hafnia agreed to acquire 1.7 million TORM Class A shares at $34 each, representing about 1.66% of TORM’s outstanding shares. The purchase by a major industry participant could provide strategic support and signals confidence in TORM’s value. Hafnia Acquisition of Additional TORM Shares
• Neutral Sentiment: Short-interest data showed no reported shares short and a zero-day days-to-cover ratio. While this suggests limited disclosed bearish positioning, the unusual reading may reflect a reporting or data-timing issue rather than a meaningful change in investor sentiment.
• Neutral Sentiment: TORM issued 97,089 Class A shares after employees exercised restricted share units. The resulting dilution is small, but the capital increase modestly expands the share count. TORM Capital Increase From RSU Exercise
• Negative Sentiment: CFO Kim Balle sold 42,533 TORM shares across three transactions. The sales totaled approximately $1.64 million and reduced his direct holdings by substantial percentages, potentially weighing on sentiment because of the scale of the insider selling. SEC Insider Ownership Filing

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Evercore restated an “outperform” rating and set a $38.00 price target on shares of Torm in a report on Wednesday, August 26th. Weiss Ratings upgraded Torm from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 11th. Finally, Wall Street Zen raised Torm from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $38.00.

Institutional Trading of Torm

Several hedge funds have recently added to or reduced their stakes in TRMD. Royal Bank of Canada raised its holdings in shares of Torm by 94.5% in the 1st quarter. Royal Bank of Canada now owns 70,962 shares of the company’s stock worth $1,980,000 after purchasing an additional 34,482 shares during the period. Bank of America Corp DE grew its holdings in Torm by 209.8% during the first quarter. Bank of America Corp DE now owns 130,421 shares of the company’s stock valued at $3,639,000 after purchasing an additional 88,318 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Torm in the second quarter worth $2,632,000. Public Employees Retirement System of Ohio increased its position in Torm by 153.8% in the first quarter. Public Employees Retirement System of Ohio now owns 78,203 shares of the company’s stock worth $2,190,000 after buying an additional 47,386 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Torm in the fourth quarter valued at $24,830,000. Institutional investors own 73.89% of the company’s stock.

Torm Company Profile

TORM plc is an international product tanker company that transports refined oil products and other energy-related cargoes by sea. Its vessels carry products such as gasoline, jet fuel, diesel and other clean petroleum products between production, storage and consumption markets.

The company operates a fleet of product tankers across several size categories, including long-range, medium-range and Handysize vessels. TORM provides seaborne transportation services to oil companies, trading houses and other commercial customers, with operations serving major shipping routes and energy markets worldwide.

TORM traces its history to 1889 and is headquartered in Copenhagen, Denmark.