JPMorgan Chase & Co. raised its holdings in Himalaya Shipping Ltd. (NYSE:HSHP - Free Report) by 130.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,767 shares of the company's stock after acquiring an additional 66,713 shares during the period. JPMorgan Chase & Co. owned about 0.30% of Himalaya Shipping worth $572,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. AM Investment Strategies LLC acquired a new stake in Himalaya Shipping during the 4th quarter valued at approximately $49,000. Salvus Wealth Management LLC raised its position in shares of Himalaya Shipping by 27.6% during the fourth quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company's stock worth $63,000 after purchasing an additional 2,825 shares during the period. SG Americas Securities LLC acquired a new position in Himalaya Shipping during the fourth quarter worth $66,000. Intech Investment Management LLC acquired a new stake in shares of Himalaya Shipping in the 4th quarter worth about $68,000. Finally, Barclays PLC lifted its holdings in shares of Himalaya Shipping by 143.3% in the third 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. 22.33% of the stock is currently owned by institutional investors and hedge funds.
Himalaya Shipping Stock Down 1.8 %
HSHP traded down $0.10 during mid-day trading on Tuesday, reaching $5.35. 46,932 shares of the stock were exchanged, compared to its average volume of 132,208. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.87 and a current ratio of 0.87. The company has a 50 day moving average price of $5.26 and a two-hundred day moving average price of $5.48. Himalaya Shipping Ltd. has a 1 year low of $4.29 and a 1 year high of $9.76. The stock has a market capitalization of $213.30 million, a PE ratio of 11.15 and a beta of 1.95.
Himalaya Shipping (NYSE:HSHP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter. The business had revenue of $29.60 million for the quarter. Himalaya Shipping had a return on equity of 13.36% and a net margin of 17.03%.
Himalaya Shipping Dividend Announcement
The company also recently announced a -- dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 15th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. Himalaya Shipping's payout ratio is presently 27.08%.
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.
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