Himalaya Shipping Ltd. (NYSE:HSHP) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP raised its stake in shares of Himalaya Shipping Ltd. (NYSE:HSHP) by 15.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,405 shares of the company’s stock after buying an additional 13,405 shares during the period. GSA Capital Partners LLP owned approximately 0.25% of Himalaya Shipping worth $870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Valeo Financial Advisors LLC bought a new stake in Himalaya Shipping during the third quarter worth approximately $87,000. Creative Planning acquired a new position in shares of Himalaya Shipping during the 3rd quarter valued at $155,000. Rhumbline Advisers lifted its holdings in shares of Himalaya Shipping by 17.2% in the second quarter. Rhumbline Advisers now owns 38,407 shares of the company’s stock valued at $352,000 after buying an additional 5,623 shares during the period. Bank of New York Mellon Corp boosted its stake in Himalaya Shipping by 17.3% during the second quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company’s stock valued at $770,000 after buying an additional 12,400 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Himalaya Shipping by 166.0% during the second quarter. Hsbc Holdings PLC now owns 95,767 shares of the company’s stock worth $845,000 after acquiring an additional 59,765 shares during the period. 22.33% of the stock is currently owned by institutional investors.

Himalaya Shipping Stock Up 0.7 %

Shares of NYSE:HSHP opened at $7.29 on Friday. Himalaya Shipping Ltd. has a 1-year low of $4.95 and a 1-year high of $9.76. The company has a 50 day moving average price of $7.57 and a 200 day moving average price of $8.08. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.78 and a current ratio of 0.87.

Himalaya Shipping (NYSE:HSHP) last released its quarterly earnings data on Friday, August 16th. The company reported $0.16 earnings per share for the quarter. The business had revenue of $31.20 million during the quarter. Himalaya Shipping had a return on equity of 15.72% and a net margin of 21.93%.

Himalaya Shipping Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a $0.04 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.58%.

Analyst Ratings Changes

Separately, DNB Markets downgraded shares of Himalaya Shipping from a “hold” rating to a “sell” rating in a report on Monday, August 19th.

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.