Himalaya Shipping Ltd. (HSHP) To Go Ex-Dividend on November 14th

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Friday, January 1st. Stockholders of record on Monday, November 17th will be paid a dividend of 0.07 per share on Monday, November 24th. The ex-dividend date is Friday, November 14th.

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

Himalaya Shipping Stock Up 3.0%

Shares of NYSE:HSHP traded up $0.24 during trading on Wednesday, hitting $8.18. 97,908 shares of the company’s stock were exchanged, compared to its average volume of 151,582. The business’s 50-day simple moving average is $8.14 and its 200 day simple moving average is $7.05. Himalaya Shipping has a 52-week low of $4.29 and a 52-week high of $8.95. The company has a debt-to-equity ratio of 4.19, a quick ratio of 1.01 and a current ratio of 1.01.

Himalaya Shipping (NYSE:HSHP) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $37.40 million during the quarter, compared to the consensus estimate of $41.45 million. Himalaya Shipping had a return on equity of 3.30% and a net margin of 4.39%.

Institutional Trading of Himalaya Shipping

Large investors have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ purchased a new position in Himalaya Shipping in the 3rd quarter worth about $33,000. Tower Research Capital LLC TRC raised its stake in shares of Himalaya Shipping by 326.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,024 shares of the company’s stock valued at $52,000 after acquiring an additional 6,909 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Himalaya Shipping during the second quarter valued at approximately $69,000. MetLife Investment Management LLC boosted its holdings in shares of Himalaya Shipping by 42.5% in the first quarter. MetLife Investment Management LLC now owns 18,081 shares of the company’s stock valued at $99,000 after purchasing an additional 5,389 shares during the period. Finally, Deutsche Bank AG grew its stake in Himalaya Shipping by 2,342.1% in the first quarter. Deutsche Bank AG now owns 19,097 shares of the company’s stock worth $105,000 after purchasing an additional 18,315 shares in the last quarter. 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.