Himalaya Shipping Ltd. (NYSE:HSHP) Plans Dividend of $0.22

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Saturday, August 8th. Stockholders of record on Friday, August 21st will be given a dividend of 0.22 per share on Thursday, August 27th. The ex-dividend date of this dividend 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. Himalaya Shipping has a 52-week low of $7.12 and a 52-week high of $16.69. The firm has a market capitalization of $760.39 million, a price-to-earnings ratio of 14.42 and a beta of 1.37. The stock has a 50 day moving average price of $14.93 and a 200 day moving average price of $14.06. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.19 and a current ratio of 1.19.

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

Institutional Trading of Himalaya Shipping

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in shares of Himalaya Shipping by 80.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,656 shares of the company’s stock valued at $47,000 after acquiring an additional 2,519 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Himalaya Shipping by 326.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,024 shares of the company’s stock worth $52,000 after purchasing an additional 6,909 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in shares of Himalaya Shipping during the 3rd quarter worth $86,000. Ballentine Partners LLC bought a new stake in Himalaya Shipping during the fourth quarter valued at about $101,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Himalaya Shipping during the first quarter valued at about $171,000. Institutional investors own 22.33% of the company’s stock.

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.