Rhumbline Advisers Purchases 2,110 Shares of Himalaya Shipping Ltd. $HSHP

Rhumbline Advisers increased its position in Himalaya Shipping Ltd. (NYSE:HSHP) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,513 shares of the company’s stock after acquiring an additional 2,110 shares during the period. Rhumbline Advisers’ holdings in Himalaya Shipping were worth $217,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in shares of Himalaya Shipping in the fourth quarter worth $69,000. Jefferies Financial Group Inc. bought a new stake in shares of Himalaya Shipping in the fourth quarter worth $75,000. MetLife Investment Management LLC lifted its position in Himalaya Shipping by 42.5% during the first quarter. MetLife Investment Management LLC now owns 18,081 shares of the company’s stock valued at $99,000 after purchasing an additional 5,389 shares in the last quarter. Deutsche Bank AG lifted its position in Himalaya Shipping by 2,342.1% during the first quarter. Deutsche Bank AG now owns 19,097 shares of the company’s stock valued at $105,000 after purchasing an additional 18,315 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Himalaya Shipping by 45.3% during the fourth quarter. Bank of America Corp DE now owns 28,415 shares of the company’s stock valued at $138,000 after purchasing an additional 8,862 shares in the last quarter. Institutional investors own 22.33% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Himalaya Shipping from a “sell” rating to a “hold” rating in a research report on Monday, August 25th.

Himalaya Shipping Price Performance

NYSE HSHP opened at $8.61 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 4.25. The business’s fifty day moving average is $7.67 and its 200 day moving average is $6.38. Himalaya Shipping Ltd. has a fifty-two week low of $4.29 and a fifty-two week high of $8.95.

Himalaya Shipping Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, September 25th. Stockholders of record on Tuesday, September 16th were given a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 13.9%. The ex-dividend date was Tuesday, September 16th.

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.