Himalaya Shipping Ltd. (NYSE:HSHP) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in Himalaya Shipping Ltd. (NYSE:HSHP) by 143.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,004 shares of the company’s stock after purchasing an additional 67,149 shares during the quarter. Barclays PLC owned 0.29% of Himalaya Shipping worth $987,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Himalaya Shipping by 1.7% in the third quarter. State Street Corp now owns 366,210 shares of the company’s stock worth $3,171,000 after acquiring an additional 6,090 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Himalaya Shipping during the 3rd quarter worth about $116,000. GSA Capital Partners LLP increased its holdings in Himalaya Shipping by 15.4% during the 3rd quarter. GSA Capital Partners LLP now owns 100,405 shares of the company’s stock worth $870,000 after purchasing an additional 13,405 shares during the period. Creative Planning acquired a new stake in Himalaya Shipping in the 3rd quarter valued at about $155,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Himalaya Shipping in the 3rd quarter valued at about $87,000. Institutional investors and hedge funds own 22.33% of the company’s stock.

Himalaya Shipping Stock Up 3.8 %

HSHP stock opened at $5.20 on Wednesday. The company’s 50 day moving average price is $5.78 and its 200 day moving average price is $7.10. The firm has a market capitalization of $207.34 million, a price-to-earnings ratio of 2.68 and a beta of 2.57. Himalaya Shipping Ltd. has a fifty-two week low of $4.54 and a fifty-two week high of $9.76. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.87 and a current ratio of 0.87.

Himalaya Shipping Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Tuesday, January 21st will be given a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, January 20th. Himalaya Shipping’s dividend payout ratio is presently 10.31%.

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.