Himalaya Shipping Ltd. (NYSE:HSHP – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $15.51, but opened at $14.93. Himalaya Shipping shares last traded at $14.8460, with a volume of 158,461 shares.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on HSHP. Weiss Ratings upgraded Himalaya Shipping from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Wall Street Zen cut Himalaya Shipping from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
View Our Latest Stock Report on Himalaya Shipping
Himalaya Shipping Stock Down 4.8%
Himalaya Shipping (NYSE:HSHP – Get Free Report) last announced its earnings results on Wednesday, July 1st. The company reported $0.52 EPS for the quarter. The firm had revenue of $55.30 million for the quarter. Himalaya Shipping had a return on equity of 18.28% and a net margin of 20.28%.
Himalaya Shipping Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 21st will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, August 20th. Himalaya Shipping’s dividend payout ratio (DPR) is 7.94%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in shares of Himalaya Shipping by 80.3% during the third quarter. BNP Paribas Financial Markets now owns 5,656 shares of the company’s stock worth $47,000 after purchasing an additional 2,519 shares during the period. Tower Research Capital LLC TRC increased its stake in Himalaya Shipping by 326.7% in 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 in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in Himalaya Shipping in the 3rd quarter worth about $86,000. Ballentine Partners LLC acquired a new stake in Himalaya Shipping during the 4th quarter worth about $101,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Himalaya Shipping during the first quarter valued at about $171,000. Institutional investors and hedge funds 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.
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