SBI Securities Co. Ltd. Purchases Shares of 56,197 TORM plc (NASDAQ:TRMD)

SBI Securities Co. Ltd. acquired a new position in shares of TORM plc (NASDAQ:TRMD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 56,197 shares of the company’s stock, valued at approximately $1,093,000. SBI Securities Co. Ltd. owned approximately 0.06% of TORM at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. lifted its position in TORM by 76.9% during the third quarter. Assetmark Inc. now owns 1,187 shares of the company’s stock valued at $41,000 after purchasing an additional 516 shares during the last quarter. Quarry LP bought a new stake in shares of TORM during the 3rd quarter worth $51,000. Jones Financial Companies Lllp grew its position in TORM by 49.5% in the fourth quarter. Jones Financial Companies Lllp now owns 5,859 shares of the company’s stock worth $114,000 after acquiring an additional 1,939 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in TORM in the third quarter valued at $224,000. Finally, Apollon Wealth Management LLC purchased a new stake in TORM during the third quarter valued at about $291,000. 73.89% of the stock is currently owned by institutional investors.

TORM Trading Down 1.3 %

TRMD stock opened at $17.37 on Tuesday. The company has a market capitalization of $1.63 billion, a PE ratio of 2.25 and a beta of 0.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.24 and a current ratio of 2.47. TORM plc has a one year low of $17.17 and a one year high of $40.47. The company’s 50 day moving average price is $19.90 and its two-hundred day moving average price is $25.48.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut their price objective on TORM from $37.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

TORM Company 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.