Himalaya Shipping (NYSE:HSHP) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Himalaya Shipping (NYSE:HSHP) from a hold rating to a buy rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Himalaya Shipping in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Himalaya Shipping Price Performance

Shares of NYSE HSHP opened at $12.50 on Friday. The firm’s fifty day moving average is $11.44 and its 200 day moving average is $9.48. Himalaya Shipping has a 52 week low of $4.29 and a 52 week high of $14.95. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 4.12.

Himalaya Shipping (NYSE:HSHP) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $43.70 million for the quarter, compared to analysts’ expectations of $41.80 million. Himalaya Shipping had a net margin of 13.44% and a return on equity of 11.02%.

Himalaya Shipping Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, March 16th.

Institutional Trading of Himalaya Shipping

Hedge funds and other institutional investors have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Himalaya Shipping in the 3rd quarter worth about $33,000. BNP Paribas Financial Markets boosted its stake in Himalaya Shipping by 80.3% during the third quarter. BNP Paribas Financial Markets now owns 5,656 shares of the company’s stock worth $47,000 after acquiring an additional 2,519 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Himalaya Shipping by 326.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,024 shares of the company’s stock worth $52,000 after acquiring an additional 6,909 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Himalaya Shipping in the second quarter worth about $69,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Himalaya Shipping during the third quarter valued at approximately $86,000. 22.33% of the stock is owned by hedge funds and other institutional investors.

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.