Torm (NASDAQ:TRMD) CFO Kim Balle Sells 15,000 Shares of Stock

Torm Plc (NASDAQ:TRMD) CFO Kim Balle sold 15,000 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $39.08, for a total transaction of $586,200.00. Following the transaction, the chief financial officer owned 8,043 shares of the company’s stock, valued at $314,320.44. This trade represents a 65.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, September 22nd, Kim Balle sold 7,533 shares of Torm stock. The stock was sold at an average price of $36.35, for a total transaction of $273,824.55.
• 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 Stock Down 0.3%

Shares of NASDAQ:TRMD opened at $34.30 on Friday. Torm Plc has a 12 month low of $19.30 and a 12 month high of $38.73. The company has a current ratio of 2.27, a quick ratio of 1.97 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $31.99 and a 200 day moving average price of $30.26. The company has a market cap of $3.50 billion, a price-to-earnings 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 EPS for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.06). The company had revenue of $662.80 million during the quarter, compared to analysts’ expectations of $499.01 million. Torm had a return on equity of 27.24% and a net margin of 35.51%.

Torm Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a dividend of $2.40 per share. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from Torm’s previous quarterly dividend of $0.70. This represents a $9.60 annualized dividend and a yield of 28.0%. Torm’s payout ratio is presently 115.49%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its holdings in shares of Torm by 0.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,064,258 shares of the company’s stock valued at $86,032,000 after buying an additional 21,280 shares during the last quarter. Norges Bank acquired a new position in shares of Torm in the 4th quarter valued at $24,830,000. Sei Investments Co. purchased a new position in Torm in the 1st quarter worth $7,705,000. Marnell Management LLC purchased a new position in Torm in the 4th quarter worth $4,815,000. Finally, Folketrygdfondet lifted its position in Torm by 174.0% during the 4th quarter. Folketrygdfondet now owns 238,662 shares of the company’s stock worth $4,673,000 after acquiring an additional 151,563 shares during the period. Hedge funds and other institutional investors own 73.89% of the company’s stock.

Torm News Summary

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

Analysts Set New Price Targets

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

About Torm

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.