Acadian Asset Management LLC Cuts Stock Position in Toro Corp. (NASDAQ:TORO)

Acadian Asset Management LLC lessened its stake in shares of Toro Corp. (NASDAQ:TORO) by 29.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,825 shares of the company’s stock after selling 43,807 shares during the period. Acadian Asset Management LLC owned approximately 0.54% of Toro worth $412,000 at the end of the most recent reporting period.

Toro Stock Performance

Toro stock opened at $3.49 on Thursday. Toro Corp. has a 12 month low of $3.00 and a 12 month high of $6.45. The business’s fifty day simple moving average is $3.55 and its two-hundred day simple moving average is $4.23. The company has a market capitalization of $66.24 million, a price-to-earnings ratio of 1.26 and a beta of 1.98.

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.