Jefferies Financial Group Inc. Invests $75,000 in Himalaya Shipping Ltd. (NYSE:HSHP)

Jefferies Financial Group Inc. acquired a new stake in Himalaya Shipping Ltd. (NYSE:HSHP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,499 shares of the company’s stock, valued at approximately $75,000.

A number of other hedge funds have also made changes to their positions in the stock. Hsbc Holdings PLC boosted its stake in Himalaya Shipping by 1.4% during the 4th quarter. Hsbc Holdings PLC now owns 186,367 shares of the company’s stock valued at $901,000 after purchasing an additional 2,483 shares in the last quarter. Geode Capital Management LLC boosted its stake in Himalaya Shipping by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 346,530 shares of the company’s stock valued at $1,684,000 after buying an additional 2,910 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Himalaya Shipping by 49.6% during the fourth quarter. Wells Fargo & Company MN now owns 14,124 shares of the company’s stock worth $69,000 after acquiring an additional 4,680 shares during the period. Bank of America Corp DE raised its position in Himalaya Shipping by 45.3% in the fourth quarter. Bank of America Corp DE now owns 28,415 shares of the company’s stock worth $138,000 after acquiring an additional 8,862 shares in the last quarter. Finally, AM Investment Strategies LLC bought a new stake in Himalaya Shipping in the fourth quarter worth about $49,000. Institutional investors and hedge funds own 22.33% of the company’s stock.

Himalaya Shipping Stock Performance

NYSE:HSHP opened at $5.79 on Monday. The company has a 50-day moving average of $5.29 and a 200-day moving average of $5.41. The firm has a market cap of $230.65 million, a price-to-earnings ratio of 12.05 and a beta of 1.95. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.34. Himalaya Shipping Ltd. has a twelve month low of $4.29 and a twelve month high of $9.76.

Himalaya Shipping (NYSE:HSHP) last issued its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $29.60 million during the quarter. Himalaya Shipping had a net margin of 17.03% and a return on equity of 13.36%.

Himalaya Shipping Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be issued a $0.025 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.19%. This is a boost from Himalaya Shipping’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Monday, May 19th. Himalaya Shipping’s payout ratio is presently 27.08%.

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.