Corient Private Wealth LP Makes New Investment in Toro Corp. $TORO

Corient Private Wealth LP purchased a new stake in shares of Toro Corp. (NASDAQ:TORO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 180,841 shares of the company’s stock, valued at approximately $17,618,000. Corient Private Wealth LP owned about 0.84% of Toro as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Group One Trading LLC purchased a new position in shares of Toro in the 3rd quarter worth approximately $70,000. Citadel Advisors LLC bought a new position in shares of Toro during the 3rd quarter worth approximately $79,000. Polar Asset Management Partners Inc. purchased a new stake in Toro during the second quarter valued at approximately $203,000. Alpine Woods Capital Investors LLC purchased a new stake in Toro during the second quarter valued at approximately $235,000. Finally, Perigon Wealth Management LLC purchased a new stake in Toro during the second quarter valued at approximately $271,000. 1.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TORO shares. Weiss Ratings lowered shares of 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 report on Saturday, June 20th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Toro currently has an average rating of “Hold”.

Toro Price Performance

TORO stock opened at $6.23 on Friday. The firm’s fifty day simple moving average is $5.31 and its 200-day simple moving average is $4.81. The company has a market capitalization of $133.76 million, a P/E ratio of 155.79 and a beta of 2.53. Toro Corp. has a 12 month low of $2.64 and a 12 month high of $8.50.

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 business 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.