Himalaya Shipping Ltd. (HSHP) To Go Ex-Dividend on August 20th

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Saturday, August 8th. Shareholders of record on Friday, August 21st will be given a dividend of 0.22 per share on Thursday, August 27th. The ex-dividend date is Thursday, August 20th.

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

Himalaya Shipping Stock Up 1.2%

Shares of NYSE:HSHP opened at $16.30 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 4.00. Himalaya Shipping has a 12-month low of $7.12 and a 12-month high of $16.69. The business has a fifty day simple moving average of $14.93 and a 200 day simple moving average of $14.06. The firm has a market cap of $760.39 million, a P/E ratio of 14.42 and a beta of 1.37.

Himalaya Shipping (NYSE:HSHP) last issued its earnings results on Wednesday, July 1st. The company reported $0.52 earnings per share (EPS) for the quarter. Himalaya Shipping had a net margin of 31.44% and a return on equity of 32.83%. The business had revenue of $55.30 million for the quarter.

Institutional Investors Weigh In On Himalaya Shipping

Several institutional investors have recently added to or reduced their stakes in HSHP. Arrowstreet Capital Limited Partnership increased its stake in shares of Himalaya Shipping by 292.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,007,952 shares of the company’s stock worth $13,344,000 after purchasing an additional 750,944 shares in the last quarter. Globeflex Capital L P bought a new position in Himalaya Shipping in the 2nd quarter worth approximately $4,257,000. Bank of America Corp DE boosted its holdings in Himalaya Shipping by 230.4% in the 1st quarter. Bank of America Corp DE now owns 399,028 shares of the company’s stock worth $5,307,000 after buying an additional 278,273 shares during the period. Goldman Sachs Group Inc. grew its stake in Himalaya Shipping by 322.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 259,959 shares of the company’s stock valued at $2,366,000 after buying an additional 198,362 shares in the last quarter. Finally, Barclays PLC raised its holdings in Himalaya Shipping by 162.3% during the 4th quarter. Barclays PLC now owns 260,780 shares of the company’s stock valued at $2,373,000 after acquiring an additional 161,378 shares during the period. 22.33% of the stock is owned by hedge funds and other institutional investors.

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.