Himalaya Shipping Ltd. $HSHP Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Himalaya Shipping Ltd. (NYSE:HSHP) by 425.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,313 shares of the company’s stock after purchasing an additional 99,046 shares during the period. Sei Investments Co.’s holdings in Himalaya Shipping were worth $1,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Himalaya Shipping during the fourth quarter valued at $486,000. Globeflex Capital L P grew its position in Himalaya Shipping by 2,033.2% during the 1st quarter. Globeflex Capital L P now owns 318,651 shares of the company’s stock worth $4,238,000 after purchasing an additional 303,713 shares during the period. Ballentine Partners LLC purchased a new position in shares of Himalaya Shipping during the 4th quarter valued at about $101,000. Bank of America Corp DE raised its stake in shares of Himalaya Shipping by 29.8% during the 2nd quarter. Bank of America Corp DE now owns 24,506 shares of the company’s stock valued at $141,000 after buying an additional 5,631 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Himalaya Shipping by 10.2% in the 4th quarter. AQR Capital Management LLC now owns 15,169 shares of the company’s stock valued at $138,000 after buying an additional 1,402 shares during the period. Hedge funds and other institutional investors own 22.33% of the company’s stock.

Himalaya Shipping Stock Down 3.5%

HSHP stock opened at $15.31 on Tuesday. Himalaya Shipping Ltd. has a 52 week low of $7.12 and a 52 week high of $16.69. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 4.23. The firm has a 50-day simple moving average of $14.81 and a 200-day simple moving average of $13.84. The stock has a market capitalization of $714.21 million, a P/E ratio of 24.30 and a beta of 1.37.

Himalaya Shipping (NYSE:HSHP) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Himalaya Shipping had a net margin of 20.28% and a return on equity of 18.28%. The company had revenue of $34.90 million during the quarter, compared to analysts’ expectations of $33.30 million.

Himalaya Shipping Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 28th. Stockholders of record on Monday, July 20th were given a $0.22 dividend. The ex-dividend date was Friday, July 17th.

Analyst Ratings Changes

HSHP has been the topic of a number of recent research reports. Wall Street Zen downgraded Himalaya Shipping from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 24th. Weiss Ratings raised Himalaya Shipping from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.