Himalaya Shipping Ltd. (NYSE:HSHP) Shares Sold by Hosking Partners LLP

Hosking Partners LLP lowered its stake in shares of Himalaya Shipping Ltd. (NYSE:HSHP) by 16.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 450,575 shares of the company’s stock after selling 86,864 shares during the period. Hosking Partners LLP’s holdings in Himalaya Shipping were worth $2,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AM Investment Strategies LLC purchased a new position in Himalaya Shipping in the 4th quarter valued at approximately $49,000. Salvus Wealth Management LLC grew its holdings in Himalaya Shipping by 27.6% in the fourth quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company’s stock valued at $63,000 after purchasing an additional 2,825 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Himalaya Shipping in the fourth quarter valued at $66,000. Quadrature Capital Ltd purchased a new stake in shares of Himalaya Shipping in the 3rd quarter worth about $116,000. Finally, Creative Planning acquired a new stake in Himalaya Shipping in the 3rd quarter valued at about $155,000. 22.33% of the stock is currently owned by institutional investors and hedge funds.

Himalaya Shipping Stock Down 6.2 %

HSHP stock opened at $5.33 on Friday. Himalaya Shipping Ltd. has a 12 month low of $4.48 and a 12 month high of $9.76. The firm has a market capitalization of $212.32 million, a PE ratio of 11.09 and a beta of 2.56. The company’s 50 day simple moving average is $4.95 and its 200-day simple moving average is $6.37. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.87 and a quick ratio of 0.87.

Himalaya Shipping (NYSE:HSHP) last released its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter. Himalaya Shipping had a return on equity of 13.36% and a net margin of 17.03%. The firm had revenue of $29.60 million for the quarter.

Himalaya Shipping Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, March 5th. Investors 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 dividend on an annualized basis and a yield of 1.13%. Himalaya Shipping’s payout ratio is 39.58%.

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.