Himalaya Shipping (NYSE:HSHP) Sets New 1-Year High - Should You Buy?

Key Points

• New 52‑week high: HSHP traded as high as $15.19 (up ~9% with 227,521 shares) and, despite a recent upgrade from Wall Street Zen to "Buy," the consensus rating remains "Hold."
• Financial/valuation snapshot: Market cap ≈ $720M, P/E ~40.8 and high leverage (debt‑to‑equity 4.12); latest quarter reported EPS $0.29 (missed by $0.01) with revenue $42.1M and a net margin of 13.44%.
• Insider and dividend activity: A director sold 300,000 shares on April 9 (a 51.7% reduction) for about $4.02M, and the company paid a $0.06 per‑share dividend on April 27.

Himalaya Shipping Ltd. (NYSE:HSHP - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $15.19 and last traded at $15.1950, with a volume of 227521 shares traded. The stock had previously closed at $14.17.

Analyst Ratings Changes

A number of brokerages recently issued reports on HSHP. Wall Street Zen upgraded shares of Himalaya Shipping from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th. Weiss Ratings restated a "hold (c)" rating on shares of Himalaya Shipping in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold".

Himalaya Shipping Stock Up 9.0%

The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $720.32 million, a price-to-earnings ratio of 40.78 and a beta of 1.38. The firm's 50-day simple moving average is $13.60 and its two-hundred day simple moving average is $10.74.

Himalaya Shipping (NYSE:HSHP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Himalaya Shipping had a net margin of 13.44% and a return on equity of 11.02%. The company had revenue of $42.10 million during the quarter, compared to analyst estimates of $41.80 million.

Himalaya Shipping Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 20th were given a dividend of $0.06 per share. The ex-dividend date was Friday, April 17th.

Insider Activity at Himalaya Shipping

In other news, Director Bjorn Andreas Freng Isaksen sold 300,000 shares of Himalaya Shipping stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $13.40, for a total transaction of $4,020,000.00. Following the completion of the sale, the director owned 280,000 shares in the company, valued at $3,752,000. The trade was a 51.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On Himalaya Shipping

Institutional investors have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Himalaya Shipping during the 3rd quarter worth approximately $33,000. BNP Paribas Financial Markets boosted its stake in Himalaya Shipping by 80.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,656 shares of the company's stock worth $47,000 after acquiring an additional 2,519 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 acquiring an additional 6,909 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new position in Himalaya Shipping during the 3rd quarter worth approximately $86,000. Finally, Ballentine Partners LLC bought a new position in Himalaya Shipping during the 4th quarter worth approximately $101,000. Institutional investors and hedge funds own 22.33% of the company's stock.

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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