Himalaya Shipping Ltd. (NYSE:HSHP) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP increased its stake in Himalaya Shipping Ltd. (NYSE:HSHP - Free Report) by 317.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,951 shares of the company's stock after acquiring an additional 58,526 shares during the period. Marshall Wace LLP owned approximately 0.19% of Himalaya Shipping worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HSHP. Barclays PLC raised its position in Himalaya Shipping by 143.3% in the 3rd quarter. Barclays PLC now owns 114,004 shares of the company's stock valued at $987,000 after purchasing an additional 67,149 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Himalaya Shipping by 130.7% in the fourth quarter. JPMorgan Chase & Co. now owns 117,767 shares of the company's stock worth $572,000 after acquiring an additional 66,713 shares during the last quarter. XTX Topco Ltd acquired a new position in Himalaya Shipping during the 4th quarter worth approximately $113,000. CacheTech Inc. purchased a new stake in shares of Himalaya Shipping in the 4th quarter valued at approximately $69,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Himalaya Shipping in the 4th quarter valued at $68,000. 22.33% of the stock is currently owned by hedge funds and other institutional investors.

Himalaya Shipping Price Performance

Himalaya Shipping stock opened at $5.43 on Friday. The stock has a market cap of $216.29 million, a P/E ratio of 11.30 and a beta of 1.95. The company has a fifty day simple moving average of $5.26 and a 200-day simple moving average of $5.51. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.34. Himalaya Shipping Ltd. has a 12-month low of $4.29 and a 12-month high of $9.76.

Himalaya Shipping (NYSE:HSHP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter. Himalaya Shipping had a return on equity of 13.36% and a net margin of 17.03%. The business had revenue of $29.60 million during the quarter.

Himalaya Shipping Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, April 15th. Himalaya Shipping's payout ratio is currently 27.08%.

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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