Globeflex Capital L P Grows Position in Himalaya Shipping Ltd. $HSHP

Globeflex Capital L P boosted its position in shares of Himalaya Shipping Ltd. (NYSE:HSHP) by 2,033.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 318,651 shares of the company’s stock after buying an additional 303,713 shares during the period. Globeflex Capital L P’s holdings in Himalaya Shipping were worth $4,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Himalaya Shipping by 445.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,011 shares of the company’s stock worth $733,000 after purchasing an additional 72,692 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Himalaya Shipping in the fourth quarter valued at $486,000. Ballentine Partners LLC acquired a new position in Himalaya Shipping in the fourth quarter valued at $101,000. Millennium Management LLC raised its holdings in shares of Himalaya Shipping by 29.6% in the third quarter. Millennium Management LLC now owns 19,204 shares of the company’s stock valued at $158,000 after buying an additional 4,382 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Himalaya Shipping by 29.8% in the second 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. Hedge funds and other institutional investors own 22.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HSHP shares. Weiss Ratings lowered Himalaya Shipping from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Wall Street Zen downgraded Himalaya Shipping from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Himalaya Shipping presently has an average rating of “Hold”.

Himalaya Shipping Stock Performance

Shares of HSHP opened at $15.54 on Thursday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $724.99 million, a P/E ratio of 24.67 and a beta of 1.43. The company’s fifty day moving average is $14.66 and its two-hundred day moving average is $13.25. Himalaya Shipping Ltd. has a 1 year low of $6.68 and a 1 year high of $16.69.

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

Himalaya Shipping Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, July 28th. Investors of record on Monday, July 20th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, July 17th.

Himalaya Shipping 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.