JPMorgan Chase & Co. increased its position in shares of Himalaya Shipping Ltd. (NYSE:HSHP - Free Report) by 130.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,767 shares of the company's stock after buying an additional 66,713 shares during the period. JPMorgan Chase & Co. owned 0.30% of Himalaya Shipping worth $572,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. AM Investment Strategies LLC acquired a new position in shares of Himalaya Shipping during the fourth quarter valued at about $49,000. Salvus Wealth Management LLC raised its stake in Himalaya Shipping by 27.6% during the 4th quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company's stock worth $63,000 after buying an additional 2,825 shares during the period. SG Americas Securities LLC acquired a new position in Himalaya Shipping during the 4th quarter worth approximately $66,000. Intech Investment Management LLC bought a new position in Himalaya Shipping in the fourth quarter worth approximately $68,000. Finally, Barclays PLC grew its stake in 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 acquiring an additional 67,149 shares during the period. Institutional investors own 22.33% of the company's stock.
Himalaya Shipping Stock Up 2.0 %
Shares of NYSE:HSHP traded up $0.11 during trading on Friday, reaching $5.43. 41,518 shares of the stock were exchanged, compared to its average volume of 132,229. Himalaya Shipping Ltd. has a 1-year low of $4.29 and a 1-year high of $9.76. The stock has a fifty day moving average of $5.26 and a two-hundred day moving average of $5.52. 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 $216.29 million, a price-to-earnings ratio of 11.30 and a beta of 1.95.
Himalaya Shipping (NYSE:HSHP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter. Himalaya Shipping had a net margin of 17.03% and a return on equity of 13.36%. The firm had revenue of $29.60 million during the quarter.
Himalaya Shipping Announces Dividend
The business also recently announced a -- dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 15th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. Himalaya Shipping's dividend payout ratio is presently 27.08%.
Himalaya Shipping Profile
(
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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