Fox Run Management L.L.C. Takes $293,000 Position in TORM plc (NASDAQ:TRMD)

Fox Run Management L.L.C. purchased a new stake in TORM plc (NASDAQ:TRMD) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 15,088 shares of the company’s stock, valued at approximately $293,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Natixis Advisors LLC acquired a new position in shares of TORM during the third quarter valued at approximately $730,000. Thrivent Financial for Lutherans purchased a new stake in shares of TORM during the third quarter worth approximately $224,000. Dynamic Technology Lab Private Ltd acquired a new position in TORM in the 3rd quarter valued at $882,000. Centiva Capital LP purchased a new position in TORM in the 3rd quarter valued at $3,077,000. Finally, Holocene Advisors LP acquired a new stake in TORM during the 3rd quarter worth $1,710,000. Hedge funds and other institutional investors own 73.89% of the company’s stock.

TORM Stock Down 4.0 %

TRMD stock opened at $16.97 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.24 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average of $19.05 and a two-hundred day moving average of $23.36. TORM plc has a 12 month low of $16.73 and a 12 month high of $40.47. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 2.20 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. Stockholders of record on Thursday, March 20th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $2.40 annualized dividend and a dividend yield of 14.14%. TORM’s dividend payout ratio (DPR) is 27.43%.

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.