Citadel Advisors LLC Buys 47,231 Shares of Himalaya Shipping Ltd. (NYSE:HSHP)

Citadel Advisors LLC grew its holdings in shares of Himalaya Shipping Ltd. (NYSE:HSHP - Free Report) by 57.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,118 shares of the company's stock after acquiring an additional 47,231 shares during the quarter. Citadel Advisors LLC owned 0.33% of Himalaya Shipping worth $632,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD purchased a new stake in Himalaya Shipping during the 4th quarter valued at about $59,000. XTX Topco Ltd purchased a new stake in shares of Himalaya Shipping during the fourth quarter valued at approximately $113,000. 4WEALTH Advisors Inc. purchased a new stake in shares of Himalaya Shipping during the fourth quarter valued at approximately $333,000. Northern Trust Corp grew its holdings in shares of Himalaya Shipping by 6.2% in the fourth quarter. Northern Trust Corp now owns 191,422 shares of the company's stock worth $930,000 after purchasing an additional 11,222 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Himalaya Shipping by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 346,530 shares of the company's stock worth $1,684,000 after buying an additional 2,910 shares during the period. 22.33% of the stock is currently owned by institutional investors.

Himalaya Shipping Trading Up 2.2%

NYSE:HSHP traded up $0.13 during midday trading on Wednesday, reaching $6.11. 147,829 shares of the stock traded hands, compared to its average volume of 132,334. The stock has a market capitalization of $243.61 million, a P/E ratio of 12.73 and a beta of 1.95. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.87 and a current ratio of 0.87. The company has a fifty day moving average of $5.27 and a 200 day moving average of $5.32. Himalaya Shipping Ltd. has a 12 month low of $4.29 and a 12 month high of $9.60.

Himalaya Shipping (NYSE:HSHP - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02. The firm had revenue of $21.90 million during the quarter, compared to the consensus estimate of $31.18 million. Himalaya Shipping had a net margin of 17.03% and a return on equity of 13.36%.

Himalaya Shipping Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were given a dividend of $0.025 per share. This is a positive change from Himalaya Shipping's previous monthly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.30 dividend on an annualized basis and a yield of 4.91%. Himalaya Shipping's dividend payout ratio is presently 32.14%.

Himalaya Shipping Profile

Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company operates a fleet of vessels. It serves major commodity trading, commodity and energy transition, and multi-modal transport companies. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.