Barclays PLC Purchases 67,149 Shares of Himalaya Shipping Ltd. (NYSE:HSHP)

Barclays PLC lifted its position in shares of Himalaya Shipping Ltd. (NYSE:HSHP) by 143.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,004 shares of the company’s stock after purchasing an additional 67,149 shares during the period. Barclays PLC owned about 0.29% of Himalaya Shipping worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of Himalaya Shipping by 17.2% during the second 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 last quarter. State Street Corp boosted its holdings in Himalaya Shipping by 1.7% in the third quarter. State Street Corp now owns 366,210 shares of the company’s stock valued at $3,171,000 after acquiring an additional 6,090 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in Himalaya Shipping in the third quarter valued at approximately $87,000. Bank of New York Mellon Corp boosted its holdings in Himalaya Shipping by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company’s stock valued at $770,000 after acquiring an additional 12,400 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Himalaya Shipping by 15.4% in the third quarter. GSA Capital Partners LLP now owns 100,405 shares of the company’s stock valued at $870,000 after acquiring an additional 13,405 shares during the last quarter. 22.33% of the stock is currently owned by institutional investors.

Himalaya Shipping Stock Performance

Shares of HSHP stock opened at $4.84 on Tuesday. The business’s 50 day simple moving average is $6.16 and its 200 day simple moving average is $7.39. Himalaya Shipping Ltd. has a one year low of $4.54 and a one year high of $9.76. The stock has a market capitalization of $192.99 million, a PE ratio of 3.48 and a beta of 2.36. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.87 and a quick ratio of 0.87.

Himalaya Shipping Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be issued a $0.01 dividend. This represents a $0.12 annualized dividend and a yield of 2.48%. The ex-dividend date is Monday, December 16th. Himalaya Shipping’s payout ratio is presently 14.39%.

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.