Two Sigma Advisers LP Sells 40,400 Shares of Himalaya Shipping Ltd. (NYSE:HSHP)

Two Sigma Advisers LP decreased its position in Himalaya Shipping Ltd. (NYSE:HSHP - Free Report) by 71.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,000 shares of the company's stock after selling 40,400 shares during the quarter. Two Sigma Advisers LP's holdings in Himalaya Shipping were worth $78,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new position in Himalaya Shipping during the fourth quarter worth about $59,000. SG Americas Securities LLC acquired a new position in shares of Himalaya Shipping during the 4th quarter worth approximately $66,000. Intech Investment Management LLC acquired a new position in shares of Himalaya Shipping during the 4th quarter worth approximately $68,000. Wells Fargo & Company MN increased its holdings in shares of Himalaya Shipping by 49.6% during the fourth quarter. Wells Fargo & Company MN now owns 14,124 shares of the company's stock worth $69,000 after purchasing an additional 4,680 shares during the period. Finally, CacheTech Inc. acquired a new stake in shares of Himalaya Shipping in the fourth quarter valued at approximately $69,000. Institutional investors own 22.33% of the company's stock.

Himalaya Shipping Trading Up 1.3%

Shares of HSHP stock opened at $6.27 on Monday. The stock has a market cap of $249.98 million, a P/E ratio of 13.06 and a beta of 2.01. Himalaya Shipping Ltd. has a 1 year low of $4.29 and a 1 year high of $9.27. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.34. The stock has a 50 day simple moving average of $5.30 and a 200 day simple moving average of $5.28.

Himalaya Shipping (NYSE:HSHP - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The company reported ($0.14) earnings per share 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 analysts' expectations of $31.18 million. Himalaya Shipping had a return on equity of 13.36% and a net margin of 17.03%.

Himalaya Shipping Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were paid a $0.025 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Tuesday, May 20th. This is an increase from Himalaya Shipping's previous monthly dividend of $0.01. Himalaya Shipping's payout ratio is 32.14%.

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.

Want to see what other hedge funds are holding HSHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Himalaya Shipping Ltd. (NYSE:HSHP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.