Insider Buying: Toro (NASDAQ:TORO) CEO Purchases $1,733,250.72 in Stock

Toro Corp. (NASDAQ:TORO) CEO Petros Panagiotis Panagiotidis acquired 265,836 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were bought at an average cost of $6.52 per share, for a total transaction of $1,733,250.72. Following the acquisition, the chief executive officer owned 20,754,799 shares of the company’s stock, valued at $135,321,289.48. This represents a 1.30% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Petros Panagiotis Panagiotidis also recently made the following trade(s):

• On Friday, April 24th, Petros Panagiotis Panagiotidis acquired 67,407 shares of Toro stock. The shares were bought at an average cost of $6.79 per share, for a total transaction of $457,693.53.
• On Wednesday, April 22nd, Petros Panagiotis Panagiotidis purchased 1,982,728 shares of Toro stock. The stock was acquired at an average cost of $6.08 per share, for a total transaction of $12,054,986.24.

Toro Price Performance

Shares of NASDAQ TORO opened at $6.90 on Monday. Toro Corp. has a 12-month low of $1.77 and a 12-month high of $7.70. The company has a market capitalization of $148.14 million, a PE ratio of 86.26 and a beta of 1.21. The firm’s 50-day moving average is $3.93 and its two-hundred day moving average is $4.24.

Toro Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 4th will be given a $0.90 dividend. The ex-dividend date of this dividend is Monday, May 4th.

Hedge Funds Weigh In On Toro

Several institutional investors and hedge funds have recently bought and sold shares of TORO. Founders Capital Management increased its position in Toro by 28.6% during the fourth quarter. Founders Capital Management now owns 9,000 shares of the company’s stock worth $48,000 after purchasing an additional 2,000 shares during the last quarter. Group One Trading LLC acquired a new position in Toro during the third quarter worth approximately $70,000. Citadel Advisors LLC acquired a new position in Toro during the third quarter worth approximately $79,000. Finally, Renaissance Technologies LLC increased its position in Toro by 19.2% during the fourth quarter. Renaissance Technologies LLC now owns 186,700 shares of the company’s stock worth $986,000 after purchasing an additional 30,100 shares during the last quarter. Institutional investors and hedge funds own 1.74% of the company’s stock.

More Toro News

Here are the key news stories impacting Toro this week:

• Positive Sentiment: CEO Petros Panagiotidis bought aggressively over April 22–24, purchasing ~2.32 million shares for roughly $14.25M at average prices between $6.08–$6.79; his stake now totals ~20.82M shares (worth ≈$141M). Heavy insider buying signals strong management confidence and likely supports the share lift. Toro Corp. CEO Makes Bold Multi-Million Dollar Bet on His Own Company SEC Form 4
• Positive Sentiment: Product recognition: Toro’s Super Recycler was ranked best overall gas mower, a positive consumer/product headline that can support brand strength and long‑term revenue prospects (limited immediate impact but helpful for sentiment). Toro Super Recycler ranked best overall gas mower
• Neutral Sentiment: Reported short interest data shows “0 shares” as of April 24 (appears to be a data anomaly). If accurate, low short interest reduces immediate downside pressure; if erroneous, it has no informational value. Treat this as neutral until confirmed.
• Negative Sentiment: Analyst view: a recent downgrade flagged TORO as overvalued after a strong momentum rally, which could pressure sentiment among retail/quant traders and limit further multiple expansion. This is a potential headwind if other analysts follow suit. Toro Corp.: Downgrading On Valuation After Epic Momentum Rally

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Toro in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.