Hosking Partners LLP decreased its position in Himalaya Shipping Ltd. (NYSE:HSHP - Free Report) by 16.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 450,575 shares of the company's stock after selling 86,864 shares during the period. Hosking Partners LLP owned about 1.13% of Himalaya Shipping worth $2,190,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Salvus Wealth Management LLC raised its position in shares of 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 purchasing an additional 2,825 shares during the last quarter. State Street Corp increased its position in Himalaya Shipping by 1.7% during the third quarter. State Street Corp now owns 366,210 shares of the company's stock worth $3,171,000 after buying an additional 6,090 shares in the last quarter. AM Investment Strategies LLC acquired a new position in shares of Himalaya Shipping in the fourth quarter worth $49,000. GSA Capital Partners LLP lifted its position in shares of Himalaya Shipping by 15.4% in the third quarter. GSA Capital Partners LLP now owns 100,405 shares of the company's stock valued at $870,000 after acquiring an additional 13,405 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Himalaya Shipping during the third quarter valued at $116,000. Hedge funds and other institutional investors own 22.33% of the company's stock.
Himalaya Shipping Price Performance
Himalaya Shipping stock traded down $0.10 during midday trading on Tuesday, reaching $5.25. 146,303 shares of the company were exchanged, compared to its average volume of 166,461. The company has a market capitalization of $209.13 million, a price-to-earnings ratio of 10.93 and a beta of 2.56. 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 firm's 50-day simple moving average is $4.97 and its 200-day simple moving average is $6.32. Himalaya Shipping Ltd. has a 1 year low of $4.48 and a 1 year high of $9.76.
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 during the quarter. Himalaya Shipping had a net margin of 17.03% and a return on equity of 13.36%.
Himalaya Shipping Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Friday, February 21st will be issued a $0.005 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.06 annualized dividend and a yield of 1.14%. Himalaya Shipping's dividend payout ratio (DPR) is presently 39.58%.
Himalaya Shipping Company 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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