GSA Capital Partners LLP Makes New Investment in Himalaya Shipping Ltd. (NYSE:HSHP)

GSA Capital Partners LLP purchased a new position in Himalaya Shipping Ltd. (NYSE:HSHP) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $771,000. GSA Capital Partners LLP owned about 0.25% of Himalaya Shipping at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salvus Wealth Management LLC acquired a new position in shares of Himalaya Shipping during the 4th quarter worth about $69,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Himalaya Shipping during the 4th quarter worth about $70,000. Russell Investments Group Ltd. acquired a new position in shares of Himalaya Shipping during the 4th quarter worth about $214,000. Finally, Kim LLC acquired a new position in shares of Himalaya Shipping during the 4th quarter worth about $14,023,000. Institutional investors and hedge funds own 22.33% of the company’s stock.

Himalaya Shipping Stock Performance

NYSE HSHP opened at $8.31 on Friday. Himalaya Shipping Ltd. has a twelve month low of $4.30 and a twelve month high of $9.76. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50-day simple moving average of $8.82 and a 200 day simple moving average of $7.94.

Himalaya Shipping (NYSE:HSHP) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $0.06 earnings per share for the quarter. The business had revenue of $23.58 million for the quarter.

Himalaya Shipping Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th will be issued a $0.05 dividend. This is a boost from Himalaya Shipping’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.60 annualized dividend and a yield of 7.22%.

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.