Torm (NASDAQ:TRMD) CFO Kim Balle Sells 20,000 Shares of Stock

Torm Plc (NASDAQ:TRMD) CFO Kim Balle sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $39.16, for a total value of $783,200.00. Following the completion of the transaction, the chief financial officer directly owned 23,043 shares in the company, valued at $902,363.88. This trade represents a 46.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $36.35, for a total value of $273,824.55.
• On Monday, September 21st, Kim Balle sold 15,000 shares of Torm stock. The shares were sold at an average price of $39.08, for a total value of $586,200.00.

Torm Trading Down 0.3%

Torm stock opened at $34.30 on Friday. Torm Plc has a one year low of $19.30 and a one year high of $38.73. The business’s fifty day moving average is $31.99 and its 200 day moving average is $30.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.27 and a quick ratio of 1.97. The stock has a market capitalization of $3.50 billion, a PE ratio of 5.65 and a beta of 0.12.

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

Torm Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were given a $2.40 dividend. This is a boost from Torm’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $9.60 dividend on an annualized basis and a yield of 28.0%. Torm’s payout ratio is presently 115.49%.

Key Stories 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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Torm

Large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC raised its position in shares of Torm by 180.7% during the 2nd quarter. Squarepoint Ops LLC now owns 22,214 shares of the company’s stock valued at $579,000 after purchasing an additional 14,300 shares during the period. Allianz Asset Management GmbH bought a new position in Torm in the 2nd quarter worth $267,000. denkapparat Operations GmbH boosted its holdings in Torm by 63.8% in the 2nd quarter. denkapparat Operations GmbH now owns 23,276 shares of the company’s stock worth $607,000 after buying an additional 9,064 shares during the period. TD Waterhouse Canada Inc. increased its stake in Torm by 37.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 28,852 shares of the company’s stock worth $757,000 after buying an additional 7,836 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in Torm by 75.3% in the 2nd quarter. Headlands Technologies LLC now owns 15,130 shares of the company’s stock worth $394,000 after buying an additional 6,501 shares in the last quarter. Hedge funds and other 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.