JPMorgan Chase & Co. Sells 27,148 Shares of Himalaya Shipping Ltd. (NYSE:HSHP)

JPMorgan Chase & Co. decreased its holdings in Himalaya Shipping Ltd. (NYSE:HSHP) by 34.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,054 shares of the company’s stock after selling 27,148 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of Himalaya Shipping worth $442,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp grew its position 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. Barclays PLC grew its holdings in shares of Himalaya Shipping by 143.3% during the 3rd quarter. Barclays PLC now owns 114,004 shares of the company’s stock valued at $987,000 after purchasing an additional 67,149 shares during the last quarter. GSA Capital Partners LLP increased its position 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 in the last quarter. Creative Planning acquired a new position in Himalaya Shipping during the 3rd quarter worth approximately $155,000. Finally, Quadrature Capital Ltd bought a new position in Himalaya Shipping in the 3rd quarter valued at approximately $116,000. Institutional investors and hedge funds own 22.33% of the company’s stock.

Himalaya Shipping Stock Performance

NYSE HSHP opened at $4.53 on Wednesday. Himalaya Shipping Ltd. has a fifty-two week low of $4.48 and a fifty-two week high of $9.76. The stock has a market cap of $180.49 million, a PE ratio of 2.87 and a beta of 2.57. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s fifty day moving average price is $5.27 and its two-hundred day moving average price is $6.81.

Himalaya Shipping Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Tuesday, January 21st will be issued a $0.005 dividend. The ex-dividend date is Monday, January 20th. This represents a $0.06 dividend on an annualized basis and a yield of 1.33%. Himalaya Shipping’s payout ratio is presently 12.66%.

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.