International Assets Investment Management LLC Makes New $2 Million Investment in TORM plc (NASDAQ:TRMD)

International Assets Investment Management LLC acquired a new position in shares of TORM plc (NASDAQ:TRMD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 60,820 shares of the company’s stock, valued at approximately $2,000,000. International Assets Investment Management LLC owned 0.07% of TORM as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Credit Suisse AG raised its position in TORM by 1.7% during the fourth quarter. Credit Suisse AG now owns 22,583 shares of the company’s stock worth $4,480,000 after acquiring an additional 377 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in TORM by 4.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,496 shares of the company’s stock worth $316,000 after acquiring an additional 484 shares during the period. Geode Capital Management LLC raised its position in TORM by 0.9% during the first quarter. Geode Capital Management LLC now owns 71,485 shares of the company’s stock worth $2,225,000 after acquiring an additional 616 shares during the period. Advisor Group Holdings Inc. raised its position in TORM by 58.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,405 shares of the company’s stock worth $71,000 after acquiring an additional 889 shares during the period. Finally, Optimum Investment Advisors raised its position in TORM by 200.0% during the fourth quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock worth $46,000 after acquiring an additional 1,000 shares during the period. 73.89% of the stock is currently owned by institutional investors and hedge funds.

TORM Stock Performance

NASDAQ:TRMD opened at $32.73 on Friday. TORM plc has a fifty-two week low of $22.31 and a fifty-two week high of $37.11. The stock has a market capitalization of $2.67 billion, a PE ratio of 4.39 and a beta of 0.15. The company has a fifty day moving average of $34.14 and a two-hundred day moving average of $32.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.37 and a current ratio of 2.60.

TORM (NASDAQ:TRMD) last released its earnings results on Thursday, March 7th. The company reported $1.56 earnings per share (EPS) for the quarter. TORM had a net margin of 42.64% and a return on equity of 36.99%. The business had revenue of $387.78 million during the quarter.

TORM Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 16.62%. The ex-dividend date is Monday, April 15th. TORM’s payout ratio is 53.22%.

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.