Two Sigma Investments LP cut its holdings in Himalaya Shipping Ltd. (NYSE:HSHP - Free Report) by 72.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,245 shares of the company's stock after selling 74,729 shares during the quarter. Two Sigma Investments LP owned about 0.07% of Himalaya Shipping worth $137,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in HSHP. Price T Rowe Associates Inc. MD bought a new position in Himalaya Shipping during the fourth quarter worth $59,000. SG Americas Securities LLC bought a new position in Himalaya Shipping during the fourth quarter worth $66,000. Intech Investment Management LLC bought a new position in Himalaya Shipping during the fourth quarter worth $68,000. Wells Fargo & Company MN lifted its position in shares of Himalaya Shipping by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 14,124 shares of the company's stock worth $69,000 after acquiring an additional 4,680 shares during the period. Finally, CacheTech Inc. bought a new stake in shares of Himalaya Shipping in the 4th quarter worth approximately $69,000. 22.33% of the stock is currently owned by institutional investors and hedge funds.
Himalaya Shipping Stock Performance
Shares of HSHP stock traded up $0.07 during mid-day trading on Friday, reaching $6.64. The stock had a trading volume of 76,098 shares, compared to its average volume of 134,408. The firm's 50 day simple moving average is $5.45 and its 200 day simple moving average is $5.29. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.34. Himalaya Shipping Ltd. has a one year low of $4.29 and a one year high of $9.27. The firm has a market cap of $264.74 million, a PE ratio of 13.83 and a beta of 2.01.
Himalaya Shipping (NYSE:HSHP - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported ($0.14) earnings per share (EPS) 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 firm had revenue of $21.90 million during the quarter, compared to analyst estimates of $31.18 million.
Himalaya Shipping Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th will be given a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 5.42%. The ex-dividend date is Tuesday, June 17th. This is a positive change from Himalaya Shipping's previous monthly dividend of $0.03. Himalaya Shipping's dividend payout ratio is 32.14%.
About Himalaya Shipping
(
Free Report)
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.
Recommended Stories
Before you consider Himalaya Shipping, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Himalaya Shipping wasn't on the list.
While Himalaya Shipping currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
