Himalaya Shipping Ltd. (NYSE:HSHP) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Himalaya Shipping Ltd. (NYSE:HSHP) by 143.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 114,004 shares of the company’s stock after purchasing an additional 67,149 shares during the quarter. Barclays PLC’s holdings in Himalaya Shipping were worth $987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rhumbline Advisers raised its position in Himalaya Shipping by 17.2% in the 2nd quarter. Rhumbline Advisers now owns 38,407 shares of the company’s stock valued at $352,000 after purchasing an additional 5,623 shares during the last quarter. State Street Corp increased its stake in Himalaya Shipping by 1.7% in the third quarter. State Street Corp now owns 366,210 shares of the company’s stock valued at $3,171,000 after purchasing an additional 6,090 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of Himalaya Shipping in the third quarter valued at about $87,000. Bank of New York Mellon Corp raised its holdings in shares of Himalaya Shipping by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company’s stock valued at $770,000 after buying an additional 12,400 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Himalaya Shipping by 15.4% during the third quarter. GSA Capital Partners LLP now owns 100,405 shares of the company’s stock worth $870,000 after buying an additional 13,405 shares during the last quarter. 22.33% of the stock is owned by hedge funds and other institutional investors.

Himalaya Shipping Stock Up 3.8 %

HSHP opened at $5.20 on Wednesday. Himalaya Shipping Ltd. has a 52 week low of $4.54 and a 52 week high of $9.76. The business has a 50 day moving average price of $5.78 and a two-hundred day moving average price of $7.10. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.34. The company has a market cap of $207.34 million, a PE ratio of 2.68 and a beta of 2.57.

Himalaya Shipping Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Tuesday, January 21st will be paid a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, January 20th. Himalaya Shipping’s dividend payout ratio (DPR) is presently 10.31%.

About Himalaya Shipping

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.