Callan Family Office LLC Purchases New Stake in Toro Corp. $TORO

Callan Family Office LLC acquired a new position in Toro Corp. (NASDAQ:TORO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 85,681 shares of the company’s stock, valued at approximately $8,347,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Group One Trading LLC acquired a new position in Toro during the 3rd quarter valued at about $70,000. Citadel Advisors LLC acquired a new stake in shares of Toro during the 3rd quarter worth approximately $79,000. Renaissance Technologies LLC grew its position in shares of Toro by 19.2% during the 4th quarter. Renaissance Technologies LLC now owns 186,700 shares of the company’s stock worth $986,000 after buying an additional 30,100 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Toro during the second quarter worth approximately $1,605,000. Finally, State of Wyoming bought a new stake in shares of Toro during the second quarter worth approximately $1,813,000. 1.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on TORO shares. Wall Street Zen upgraded shares of Toro to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings lowered shares of Toro from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Toro Trading Up 2.7%

NASDAQ:TORO 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 business’s 50-day moving average price is $5.20 and its two-hundred day moving average price 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 earnings results on Thursday, May 28th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $5.96 million for the quarter. Toro had a return on equity of 2.49% and a net margin of 22.67%.

Toro 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.