Himalaya Shipping Ltd. (HSHP) To Go Ex-Dividend on June 19th

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Friday, January 1st. Stockholders of record on Monday, June 22nd will be given a dividend of 0.22 per share on Friday, June 26th. The ex-dividend date of this dividend is Friday, June 19th. This is a 46.7% increase from Himalaya Shipping’s previous dividend of $0.15.

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

Himalaya Shipping Stock Down 2.2%

HSHP stock opened at $14.62 on Wednesday. The company has a market cap of $681.84 million, a PE ratio of 23.20 and a beta of 1.38. The business has a 50-day simple moving average of $14.56 and a 200 day simple moving average of $12.26. Himalaya Shipping has a 52 week low of $5.76 and a 52 week high of $16.69. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 4.23.

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

Insider Transactions at Himalaya Shipping

In other Himalaya Shipping news, Director Bjorn Andreas Freng Isaksen sold 300,000 shares of Himalaya Shipping stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $13.40, for a total value of $4,020,000.00. Following the transaction, the director owned 280,000 shares in the company, valued at $3,752,000. The trade was a 51.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HSHP. Arrowstreet Capital Limited Partnership grew its position in Himalaya Shipping by 292.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,007,952 shares of the company’s stock valued at $13,344,000 after acquiring an additional 750,944 shares during the last quarter. Globeflex Capital L P grew its holdings in shares of Himalaya Shipping by 2,033.2% during the first quarter. Globeflex Capital L P now owns 318,651 shares of the company’s stock worth $4,238,000 after purchasing an additional 303,713 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Himalaya Shipping by 230.4% during the first quarter. Bank of America Corp DE now owns 399,028 shares of the company’s stock worth $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 fourth quarter. Goldman Sachs Group Inc. now owns 259,959 shares of the company’s stock worth $2,366,000 after purchasing an additional 198,362 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Himalaya Shipping by 162.3% during the fourth 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 last quarter. 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.