Corient Private Wealth LP Purchases Shares of 180,841 Toro Corp. $TORO

Corient Private Wealth LP acquired a new position in shares of Toro Corp. (NASDAQ:TORO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 180,841 shares of the company’s stock, valued at approximately $17,618,000.

Several other institutional investors have also recently made changes to their positions in TORO. Polar Asset Management Partners Inc. purchased a new stake in Toro during the second quarter worth $203,000. Alpine Woods Capital Investors LLC acquired a new stake in Toro during the second quarter valued at $235,000. Perigon Wealth Management LLC purchased a new position in Toro in the second quarter valued at $271,000. Citizens Financial Group Inc. RI purchased a new position in Toro in the second quarter valued at $308,000. Finally, Evolve Private Wealth LLC purchased a new position in Toro in the second quarter valued at $406,000. 1.74% of the stock is owned by hedge funds and other institutional investors.

Toro Price Performance

NASDAQ TORO opened at $6.23 on Friday. The company has a market cap of $133.76 million, a PE ratio of 155.79 and a beta of 2.53. The stock’s 50 day simple moving average is $5.31 and its 200-day simple moving average is $4.81. Toro Corp. has a 1-year low of $2.64 and a 1-year high of $8.50.

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

Analysts Set New Price Targets

TORO has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Toro from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded Toro to a “hold” rating in a research note on Saturday, June 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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.