Legal & General Group Plc purchased a new stake in shares of Toro Corp. (NASDAQ:TORO – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 135,303 shares of the company’s stock, valued at approximately $13,181,000. Legal & General Group Plc owned approximately 0.63% of Toro as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently modified their holdings of the company. Group One Trading LLC bought a new position in Toro in the third quarter worth approximately $70,000. Citadel Advisors LLC purchased a new stake in shares of Toro in the 3rd quarter worth $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 in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Toro during the second quarter valued at $1,605,000. Finally, State of Wyoming purchased a new position in shares of Toro during the second quarter valued at $1,813,000. Hedge funds and other institutional investors own 1.74% of the company’s stock.
Toro Stock Performance
NASDAQ TORO opened at $6.23 on Monday. The firm’s fifty day simple moving average is $5.31 and its two-hundred day simple moving average is $4.82. The firm has a market capitalization of $133.78 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.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on TORO shares. Wall Street Zen upgraded shares of Toro to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings downgraded Toro from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.
Check Out Our Latest Report on Toro
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.
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