Sei Investments Co. Buys 99,046 Shares of Himalaya Shipping Ltd. $HSHP

Key Points

• Sei Investments increased its Himalaya Shipping stake by 425.7% in the first quarter, buying 99,046 additional shares for a total of 122,313 shares valued at approximately $1.63 million. Institutional investors collectively own 22.33% of the company.
• Himalaya Shipping reported quarterly revenue of $34.9 million, exceeding estimates of $33.3 million, but earnings per share of $0.11 fell short of the $0.13 consensus. The company also paid a quarterly dividend of $0.22 per share.
• HSHP shares opened at $15.31, near their 52-week high of $16.69, while analysts maintain a consensus “Hold” rating. The company has a market capitalization of approximately $714 million and a debt-to-equity ratio of 4.23.

Sei Investments Co. lifted its position in Himalaya Shipping Ltd. (NYSE:HSHP - Free Report) by 425.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,313 shares of the company's stock after purchasing an additional 99,046 shares during the period. Sei Investments Co. owned 0.26% of Himalaya Shipping worth $1,627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in Himalaya Shipping by 80.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,656 shares of the company's stock valued at $47,000 after purchasing an additional 2,519 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Himalaya Shipping by 326.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,024 shares of the company's stock worth $52,000 after buying an additional 6,909 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new position in shares of Himalaya Shipping during the 3rd quarter worth $86,000. Ballentine Partners LLC purchased a new position in shares of Himalaya Shipping during the fourth quarter valued at $101,000. Finally, Creative Planning purchased a new position in shares of Himalaya Shipping during the second quarter valued at $108,000. Institutional investors own 22.33% of the company's stock.

Himalaya Shipping Price Performance

NYSE HSHP opened at $15.31 on Tuesday. The company has a debt-to-equity ratio of 4.23, a current ratio of 0.95 and a quick ratio of 0.95. The stock's fifty day moving average price is $14.81 and its 200 day moving average price is $13.84. Himalaya Shipping Ltd. has a 1 year low of $7.12 and a 1 year high of $16.69. The company has a market cap of $714.21 million, a price-to-earnings ratio of 24.30 and a beta of 1.37.

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

Himalaya Shipping Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 28th. Investors of record on Monday, July 20th were given a $0.22 dividend. The ex-dividend date was Friday, July 17th.

Analyst Upgrades and Downgrades

HSHP has been the subject of a number of research reports. Wall Street Zen lowered shares of Himalaya Shipping from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 24th. Weiss Ratings raised shares of Himalaya Shipping from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Himalaya Shipping currently has an average rating of "Hold".

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.

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