CacheTech Inc. Takes Position in Himalaya Shipping Ltd. (NYSE:HSHP)

CacheTech Inc. acquired a new position in Himalaya Shipping Ltd. (NYSE:HSHP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 14,275 shares of the company’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HSHP. State Street Corp lifted its position in Himalaya Shipping by 1.7% in the third quarter. State Street Corp now owns 366,210 shares of the company’s stock worth $3,171,000 after purchasing an additional 6,090 shares during the period. Geode Capital Management LLC increased its stake in Himalaya Shipping by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 346,530 shares of the company’s stock valued at $1,684,000 after acquiring an additional 2,910 shares during the period. JPMorgan Chase & Co. increased its stake in Himalaya Shipping by 130.7% in the fourth quarter. JPMorgan Chase & Co. now owns 117,767 shares of the company’s stock valued at $572,000 after acquiring an additional 66,713 shares during the period. Barclays PLC raised its position in Himalaya Shipping by 143.3% in the third quarter. Barclays PLC now owns 114,004 shares of the company’s stock worth $987,000 after purchasing an additional 67,149 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Himalaya Shipping during the fourth quarter worth about $113,000. Institutional investors own 22.33% of the company’s stock.

Himalaya Shipping Stock Performance

Shares of NYSE:HSHP opened at $4.76 on Tuesday. The stock has a market capitalization of $189.78 million, a price-to-earnings ratio of 9.92 and a beta of 1.95. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day moving average price is $5.30 and its two-hundred day moving average price is $5.81. Himalaya Shipping Ltd. has a fifty-two week low of $4.29 and a fifty-two week high of $9.76.

Himalaya Shipping (NYSE:HSHP) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter. Himalaya Shipping had a net margin of 17.03% and a return on equity of 13.36%. The company had revenue of $29.60 million during the quarter.

Himalaya Shipping Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 15th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. Himalaya Shipping’s dividend payout ratio is currently 33.33%.

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.