Himalaya Shipping Ltd. (NYSE:HSHP) Declares Dividend of $0.22

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Friday, January 1st. Investors of record on Monday, July 20th will be given a dividend of 0.22 per share on Tuesday, July 28th. The ex-dividend date is Friday, July 17th.

Himalaya Shipping has a dividend payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings.

Himalaya Shipping Price Performance

Himalaya Shipping stock opened at $15.71 on Wednesday. Himalaya Shipping has a 52 week low of $6.47 and a 52 week high of $16.69. The business has a 50-day simple moving average of $14.74 and a 200 day simple moving average of $12.99. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 4.23. The stock has a market cap of $732.64 million, a price-to-earnings ratio of 24.93 and a beta of 1.43.

Himalaya Shipping (NYSE:HSHP) last announced its earnings results on Friday, May 15th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Himalaya Shipping had a return on equity of 18.28% and a net margin of 20.28%.The business had revenue of $34.90 million during the quarter, compared to the consensus estimate of $33.30 million.

Institutional Trading of Himalaya Shipping

Hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Himalaya Shipping by 292.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,007,952 shares of the company’s stock worth $13,344,000 after acquiring an additional 750,944 shares during the last quarter. Globeflex Capital L P boosted its stake in shares of Himalaya Shipping by 2,033.2% in the 1st quarter. Globeflex Capital L P now owns 318,651 shares of the company’s stock valued at $4,238,000 after purchasing an additional 303,713 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Himalaya Shipping by 230.4% during the 1st quarter. Bank of America Corp DE now owns 399,028 shares of the company’s stock valued at $5,307,000 after purchasing an additional 278,273 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Himalaya Shipping by 322.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 259,959 shares of the company’s stock valued at $2,366,000 after purchasing an additional 198,362 shares during the last quarter. Finally, Barclays PLC raised its position in Himalaya Shipping by 162.3% in the 4th quarter. Barclays PLC now owns 260,780 shares of the company’s stock worth $2,373,000 after purchasing an additional 161,378 shares during the period. Institutional investors own 22.33% of the company’s stock.

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.