Creative Planning Invests $155,000 in Himalaya Shipping Ltd. (NYSE:HSHP)

Creative Planning acquired a new position in Himalaya Shipping Ltd. (NYSE:HSHP) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 17,910 shares of the company’s stock, valued at approximately $155,000.

Other large investors also recently modified their holdings of the company. Valeo Financial Advisors LLC purchased a new position in shares of Himalaya Shipping in the 3rd quarter worth about $87,000. Rhumbline Advisers raised its holdings in shares of Himalaya Shipping by 17.2% in the 2nd quarter. Rhumbline Advisers now owns 38,407 shares of the company’s stock worth $352,000 after purchasing an additional 5,623 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Himalaya Shipping by 17.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company’s stock worth $770,000 after purchasing an additional 12,400 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of Himalaya Shipping by 166.0% in the 2nd quarter. Hsbc Holdings PLC now owns 95,767 shares of the company’s stock worth $845,000 after purchasing an additional 59,765 shares during the period. 22.33% of the stock is currently owned by hedge funds and other institutional investors.

Himalaya Shipping Trading Up 1.5 %

HSHP stock opened at $7.23 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 4.46. Himalaya Shipping Ltd. has a 1 year low of $4.57 and a 1 year high of $9.76. The stock has a 50-day simple moving average of $7.58 and a 200-day simple moving average of $8.10.

Himalaya Shipping (NYSE:HSHP) last posted its earnings results on Friday, August 16th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $31.20 million during the quarter.

Himalaya Shipping Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, November 18th. This represents a $0.48 dividend on an annualized basis and a yield of 6.64%.

Analyst Ratings Changes

Separately, DNB Markets lowered Himalaya Shipping from a “hold” rating to a “sell” rating in a research note on Monday, August 19th.

Himalaya Shipping 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.