Bank of New York Mellon Corp Increases Stake in Himalaya Shipping Ltd. (NYSE:HSHP)

Bank of New York Mellon Corp lifted its stake in Himalaya Shipping Ltd. (NYSE:HSHP) by 17.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,091 shares of the company’s stock after acquiring an additional 12,400 shares during the period. Bank of New York Mellon Corp owned approximately 0.21% of Himalaya Shipping worth $770,000 at the end of the most recent reporting period.

Separately, GSA Capital Partners LLP purchased a new stake in Himalaya Shipping during the first quarter valued at about $771,000. 22.33% of the stock is owned by institutional investors and hedge funds.

Himalaya Shipping Stock Performance

HSHP opened at $8.21 on Monday. The stock has a fifty day simple moving average of $7.74 and a two-hundred day simple moving average of $8.17. Himalaya Shipping Ltd. has a 12-month low of $4.30 and a 12-month high of $9.76. 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 (NYSE:HSHP) last announced its quarterly earnings results on Friday, August 16th. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $31.20 million for the quarter.

Himalaya Shipping Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, September 17th. This is an increase from Himalaya Shipping’s previous monthly dividend of $0.06. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.23%.

Wall Street Analysts Forecast Growth

Separately, DNB Markets cut Himalaya Shipping from a “hold” rating to a “sell” rating in a report 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.