Legal & General Group Plc Acquires New Position in Toro Corp. $TORO

Legal & General Group Plc acquired a new position in shares of Toro Corp. (NASDAQ:TORO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 135,303 shares of the company’s stock, valued at approximately $13,181,000.

A number of other large investors have also recently made changes to their positions in TORO. Alpine Woods Capital Investors LLC purchased a new position in Toro in the 2nd quarter worth $235,000. Perigon Wealth Management LLC purchased a new stake in Toro during the 2nd quarter valued at about $271,000. Citizens Financial Group Inc. RI purchased a new stake in Toro during the 2nd quarter valued at about $308,000. Evolve Private Wealth LLC acquired a new position in shares of Toro in the second quarter valued at about $406,000. Finally, Allworth Financial LP acquired a new position in shares of Toro in the second quarter valued at about $419,000. 1.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Toro Price Performance

NASDAQ TORO opened at $6.23 on Monday. Toro Corp. has a 1 year low of $2.64 and a 1 year high of $8.50. The company has a market capitalization of $133.78 million, a PE ratio of 155.79 and a beta of 2.53. The company has a fifty day moving average of $5.31 and a 200 day moving average of $4.82.

Toro (NASDAQ:TORO) last announced its quarterly earnings results on Thursday, May 28th. The company reported ($0.02) earnings per share 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.