Himalaya Shipping Ltd. (NYSE:HSHP) Plans Dividend Increase – $0.13 Per Share

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Friday, January 1st. Stockholders of record on Tuesday, January 20th will be given a dividend of 0.13 per share on Tuesday, January 27th. The ex-dividend date of this dividend is Monday, January 19th. This is a 30.0% increase from Himalaya Shipping’s previous dividend of $0.10.

Himalaya Shipping has a payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings.

Himalaya Shipping Price Performance

NYSE HSHP opened at $9.01 on Friday. The stock’s fifty day moving average price is $8.89 and its 200-day moving average price is $8.05. The company has a debt-to-equity ratio of 4.19, a current ratio of 1.01 and a quick ratio of 1.01. Himalaya Shipping has a 12 month low of $4.29 and a 12 month high of $10.14.

Himalaya Shipping (NYSE:HSHP) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $37.90 million for the quarter, compared to the consensus estimate of $41.45 million. Himalaya Shipping had a net margin of 4.39% and a return on equity of 3.30%.

Institutional Trading of Himalaya Shipping

Several hedge funds have recently bought and sold shares of the stock. Hosking Partners LLP raised its stake in Himalaya Shipping by 27.5% during the 3rd quarter. Hosking Partners LLP now owns 1,917,876 shares of the company’s stock valued at $15,784,000 after purchasing an additional 414,216 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Himalaya Shipping during the 2nd quarter valued at approximately $69,000. Rhumbline Advisers raised its position in shares of Himalaya Shipping by 5.6% during the first quarter. Rhumbline Advisers now owns 39,513 shares of the company’s stock valued at $217,000 after buying an additional 2,110 shares during the last quarter. Creative Planning purchased a new position in shares of Himalaya Shipping in the second quarter worth $108,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Himalaya Shipping in the third quarter worth $86,000. Institutional investors own 22.33% of the company’s stock.

About Himalaya Shipping

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.