Pinnacle Wealth Planning Services Inc. Makes New $70,000 Investment in Himalaya Shipping Ltd. (NYSE:HSHP)

Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Himalaya Shipping Ltd. (NYSE:HSHPFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,401 shares of the company’s stock, valued at approximately $70,000.

Other institutional investors have also modified their holdings of the company. Salvus Wealth Management LLC bought a new stake in Himalaya Shipping in the fourth quarter worth $69,000. SG Americas Securities LLC purchased a new position in shares of Himalaya Shipping during the 4th quarter worth about $96,000. Barclays PLC grew its holdings in Himalaya Shipping by 8.2% during the 3rd quarter. Barclays PLC now owns 36,159 shares of the company’s stock valued at $174,000 after purchasing an additional 2,737 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Himalaya Shipping in the 4th quarter worth about $214,000. 22.33% of the stock is owned by institutional investors.

Himalaya Shipping Stock Down 1.0 %

NYSE HSHP traded down $0.09 during trading on Wednesday, hitting $8.62. The stock had a trading volume of 37,148 shares, compared to its average volume of 99,192. The stock has a 50 day simple moving average of $7.98 and a 200 day simple moving average of $6.96. Himalaya Shipping Ltd. has a one year low of $4.30 and a one year high of $8.78. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.72.

Himalaya Shipping Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, May 22nd. This is a boost from Himalaya Shipping’s previous — dividend of $0.03.

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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Institutional Ownership by Quarter for Himalaya Shipping (NYSE:HSHP)

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