Diamond Hill Capital Management LLC Investment Advisor Makes New Investment in Toro Corp. $TORO

Diamond Hill Capital Management LLC Investment Advisor bought a new position in Toro Corp. (NASDAQ:TORO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 243,491 shares of the company’s stock, valued at approximately $23,721,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TORO. Focus Partners Advisor Solutions LLC bought a new position in Toro in the 2nd quarter worth about $1,445,000. GSA Capital Partners LLP purchased a new position in Toro in the second quarter worth about $1,605,000. State of Wyoming purchased a new position in Toro in the second quarter worth about $1,813,000. Group One Trading LLC bought a new position in shares of Toro in the third quarter worth approximately $70,000. Finally, Citadel Advisors LLC bought a new position in shares of Toro in the third quarter worth approximately $79,000. 1.74% of the stock is currently owned by institutional investors.

Toro Price Performance

Toro stock opened at $5.65 on Monday. Toro Corp. has a one year low of $2.64 and a one year high of $8.50. The business’s fifty day moving average is $5.12 and its 200 day moving average is $4.65. The stock has a market capitalization of $121.31 million, a PE ratio of 141.29 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 for the quarter. The business had revenue of $5.96 million during the quarter. Toro had a return on equity of 2.49% and a net margin of 22.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Toro from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Wall Street Zen raised Toro to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

About Toro

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.