Toro (NASDAQ:TORO) CEO Acquires $457,693.53 in Stock

Toro Corp. (NASDAQ:TORO) CEO Petros Panagiotis Panagiotidis bought 67,407 shares of the business’s stock in a transaction on Friday, April 24th. The shares were acquired at an average cost of $6.79 per share, for a total transaction of $457,693.53. Following the purchase, the chief executive officer directly owned 20,822,206 shares in the company, valued at $141,382,778.74. This represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, April 23rd, Petros Panagiotis Panagiotidis bought 265,836 shares of Toro stock. The shares were acquired at an average cost of $6.52 per share, for a total transaction of $1,733,250.72.
• On Wednesday, April 22nd, Petros Panagiotis Panagiotidis bought 1,982,728 shares of Toro stock. The shares were acquired at an average cost of $6.08 per share, for a total transaction of $12,054,986.24.

Toro Price Performance

Shares of Toro stock opened at $6.90 on Monday. The business’s fifty day moving average price is $3.93 and its two-hundred day moving average price is $4.24. The company has a market capitalization of $148.14 million, a P/E ratio of 86.26 and a beta of 1.21. Toro Corp. has a 1-year low of $1.77 and a 1-year high of $7.70.

Toro Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 5th. Shareholders of record on Monday, May 4th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, May 4th.

Key Headlines Impacting Toro

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 Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Toro in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Toro currently has an average rating of “Sell”.

Institutional Trading of Toro

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of Toro by 19.2% in the 4th quarter. Renaissance Technologies LLC now owns 186,700 shares of the company’s stock worth $986,000 after acquiring an additional 30,100 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Toro in the 3rd quarter worth $79,000. Group One Trading LLC acquired a new position in shares of Toro in the 3rd quarter worth $70,000. Finally, Founders Capital Management grew its holdings in shares of Toro by 28.6% in the 4th quarter. Founders Capital Management now owns 9,000 shares of the company’s stock worth $48,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 1.74% of the company’s stock.

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.