Callan Family Office LLC Makes New $8.35 Million Investment in Toro Corp. $TORO

Callan Family Office LLC acquired a new position in shares of Toro Corp. (NASDAQ:TORO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 85,681 shares of the company’s stock, valued at approximately $8,347,000. Callan Family Office LLC owned approximately 0.40% of Toro at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Group One Trading LLC acquired a new position in shares of Toro in the 3rd quarter worth approximately $70,000. Citadel Advisors LLC acquired a new stake in Toro during the 3rd quarter valued at $79,000. Alpine Woods Capital Investors LLC acquired a new stake in Toro during the 2nd quarter valued at $235,000. Perigon Wealth Management LLC bought a new position in Toro in the 2nd quarter valued at $271,000. Finally, Citizens Financial Group Inc. RI bought a new position in Toro in the 2nd quarter valued at $308,000. Institutional investors own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TORO shares. Weiss Ratings cut Toro from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Wall Street Zen upgraded Toro to a “hold” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Toro Trading Up 2.7%

Shares of TORO stock opened at $6.16 on Friday. Toro Corp. has a 1 year low of $2.64 and a 1 year high of $8.50. The firm’s 50 day moving average is $5.20 and its 200-day moving average is $4.71. The firm has a market capitalization of $132.28 million, a price-to-earnings ratio of 154.04 and a beta of 2.53.

Toro (NASDAQ:TORO) last issued its quarterly earnings results on Thursday, May 28th. The company reported ($0.02) earnings per share for the quarter. Toro had a net margin of 22.67% and a return on equity of 2.49%. The company had revenue of $5.96 million during the quarter.

Toro Company Profile

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.