Citadel Advisors LLC Has $632,000 Stock Holdings in Himalaya Shipping Ltd. (NYSE:HSHP)

Citadel Advisors LLC increased its holdings in shares of Himalaya Shipping Ltd. (NYSE:HSHP - Free Report) by 57.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,118 shares of the company's stock after acquiring an additional 47,231 shares during the period. Citadel Advisors LLC owned approximately 0.33% of Himalaya Shipping worth $632,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Himalaya Shipping during the fourth quarter valued at $113,000. Price T Rowe Associates Inc. MD acquired a new stake in Himalaya Shipping during the 4th quarter valued at approximately $59,000. 4WEALTH Advisors Inc. acquired a new stake in Himalaya Shipping during the 4th quarter valued at approximately $333,000. Geode Capital Management LLC grew its position in shares of Himalaya Shipping by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 346,530 shares of the company's stock worth $1,684,000 after acquiring an additional 2,910 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Himalaya Shipping in the 4th quarter worth approximately $66,000. Institutional investors and hedge funds own 22.33% of the company's stock.

Himalaya Shipping Stock Performance

Shares of NYSE HSHP traded down $0.08 during mid-day trading on Tuesday, hitting $6.00. The company had a trading volume of 53,176 shares, compared to its average volume of 131,659. Himalaya Shipping Ltd. has a 12 month low of $4.29 and a 12 month high of $9.76. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.87 and a quick ratio of 0.87. The firm's 50 day simple moving average is $5.26 and its two-hundred day simple moving average is $5.31. The stock has a market cap of $239.22 million, a price-to-earnings ratio of 12.50 and a beta of 1.95.

Himalaya Shipping (NYSE:HSHP - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.02. Himalaya Shipping had a return on equity of 13.36% and a net margin of 17.03%. The business had revenue of $21.90 million for the quarter, compared to analysts' expectations of $31.18 million.

Himalaya Shipping Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be given a dividend of $0.025 per share. This is a boost from Himalaya Shipping's previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.30 dividend on an annualized basis and a yield of 5.00%. Himalaya Shipping's dividend payout ratio (DPR) is presently 32.14%.

About Himalaya Shipping

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.