Two Sigma Advisers LP Reduces Stake in Himalaya Shipping Ltd. (NYSE:HSHP)

Two Sigma Advisers LP lessened its stake in Himalaya Shipping Ltd. (NYSE:HSHP - Free Report) by 71.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HSHP. SG Americas Securities LLC bought a new stake in Himalaya Shipping in the 4th quarter worth approximately $66,000. Intech Investment Management LLC bought a new stake in shares of Himalaya Shipping in the fourth quarter worth $68,000. JPMorgan Chase & Co. lifted its holdings in Himalaya Shipping by 130.7% in the fourth quarter. JPMorgan Chase & Co. now owns 117,767 shares of the company's stock valued at $572,000 after acquiring an additional 66,713 shares during the period. Geode Capital Management LLC lifted its holdings in Himalaya Shipping by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 346,530 shares of the company's stock valued at $1,684,000 after acquiring an additional 2,910 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Himalaya Shipping by 49.6% in 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 last quarter. 22.33% of the stock is owned by institutional investors.

Himalaya Shipping Stock Performance

Shares of NYSE:HSHP traded up $0.04 during trading on Thursday, hitting $6.55. The company's stock had a trading volume of 75,052 shares, compared to its average volume of 133,926. 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 has a market cap of $261.15 million, a price-to-earnings ratio of 13.65 and a beta of 2.01. The company has a 50-day moving average of $5.37 and a 200-day moving average of $5.29. Himalaya Shipping Ltd. has a 12 month low of $4.29 and a 12 month high of $9.27.

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

Himalaya Shipping Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.36 annualized dividend and a yield of 5.50%. This is a boost from Himalaya Shipping's previous monthly dividend of $0.03. Himalaya Shipping's payout ratio is presently 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.