Himalaya Shipping Ltd. $HSHP Shares Bought by Globeflex Capital L P

Key Points

• Globeflex Capital L P sharply increased its stake in Himalaya Shipping, boosting holdings by 2,033.2% in Q1 to 318,651 shares worth about $4.24 million.
• Himalaya Shipping’s latest results were mixed: it posted EPS of $0.11, below expectations of $0.13, though revenue of $34.9 million came in ahead of estimates.
• The company announced a dividend of $0.22 per share, payable July 28 to shareholders of record on July 20, while Wall Street’s consensus rating remains Hold.

Globeflex Capital L P boosted its stake in shares of Himalaya Shipping Ltd. (NYSE:HSHP - Free Report) by 2,033.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318,651 shares of the company's stock after buying an additional 303,713 shares during the quarter. Globeflex Capital L P owned 0.68% of Himalaya Shipping worth $4,238,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Invesco Ltd. raised its holdings in shares of Himalaya Shipping by 77.5% in the 4th quarter. Invesco Ltd. now owns 22,800 shares of the company's stock valued at $207,000 after buying an additional 9,952 shares during the period. XTX Topco Ltd purchased a new stake in shares of Himalaya Shipping during the fourth quarter worth approximately $273,000. Susquehanna Portfolio Strategies LLC acquired a new stake in Himalaya Shipping in the fourth quarter valued at approximately $397,000. Quadrature Capital Ltd raised its holdings in Himalaya Shipping by 9.7% in the fourth quarter. Quadrature Capital Ltd now owns 31,449 shares of the company's stock valued at $286,000 after acquiring an additional 2,777 shares in the last quarter. Finally, Numerai GP LLC purchased a new position in Himalaya Shipping in the fourth quarter worth approximately $461,000. 22.33% of the stock is currently owned by institutional investors and hedge funds.

Himalaya Shipping Price Performance

Shares of NYSE HSHP opened at $15.54 on Thursday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 0.95 and a current ratio of 0.95. Himalaya Shipping Ltd. has a fifty-two week low of $6.68 and a fifty-two week high of $16.69. The firm has a market capitalization of $724.99 million, a PE ratio of 24.67 and a beta of 1.43. The stock's 50-day simple moving average is $14.66 and its 200-day simple moving average is $13.25.

Himalaya Shipping (NYSE:HSHP - Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Himalaya Shipping had a net margin of 20.28% and a return on equity of 18.28%. The business had revenue of $34.90 million during the quarter, compared to analyst estimates of $33.30 million.

Himalaya Shipping Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, July 28th. Investors of record on Monday, July 20th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, July 17th.

Wall Street Analysts Forecast Growth

HSHP has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Himalaya Shipping from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 24th. Weiss Ratings cut shares of Himalaya Shipping from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold".

Himalaya Shipping Company 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.

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