Shares of Toro Corp. (NASDAQ:TORO – Get Free Report) traded up 1.3% during trading on Friday . The company traded as high as $5.71 and last traded at $5.63. 77,570 shares were traded during mid-day trading, a decline of 92% from the average session volume of 979,495 shares. The stock had previously closed at $5.56.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Toro in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.
Get Our Latest Research Report on Toro
Toro Stock Performance
Toro Announces Dividend
The firm also recently announced a dividend, which will be paid on Friday, January 16th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $1.75 per share.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Toro stock. Citadel Advisors LLC acquired a new position in Toro Corp. (NASDAQ:TORO – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,388 shares of the company’s stock, valued at approximately $79,000. Citadel Advisors LLC owned 0.13% of Toro as of its most recent SEC filing. 1.74% of the stock is currently owned by institutional investors and hedge funds.
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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