Kercheville Advisors LLC purchased a new stake in shares of Himalaya Shipping Ltd. (NYSE:HSHP – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 69,250 shares of the company’s stock, valued at approximately $1,203,000. Kercheville Advisors LLC owned 0.15% of Himalaya Shipping as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Himalaya Shipping by 213.8% in the third quarter. GAMMA Investing LLC now owns 1,751 shares of the company’s stock worth $30,000 after buying an additional 1,193 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Himalaya Shipping by 65.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,126 shares of the company’s stock valued at $71,000 after acquiring an additional 1,636 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in Himalaya Shipping by 28.0% during the 2nd quarter. Engineers Gate Manager LP now owns 15,352 shares of the company’s stock valued at $205,000 after acquiring an additional 3,362 shares during the period. Tidal Investments LLC purchased a new stake in Himalaya Shipping during the 2nd quarter valued at about $141,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Himalaya Shipping during the 1st quarter valued at about $171,000. 22.33% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
HSHP has been the topic of several recent research reports. Clarkson Capital upgraded Himalaya Shipping from a “neutral” rating to a “buy” rating in a research report on Thursday, August 20th. Weiss Ratings upgraded Himalaya Shipping from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.
View Our Latest Stock Report on Himalaya Shipping
Himalaya Shipping Trading Up 0.2%
HSHP traded up $0.03 during trading on Monday, hitting $16.11. 666,291 shares of the stock traded hands, compared to its average volume of 366,582. The firm has a market capitalization of $751.39 million, a P/E ratio of 14.25 and a beta of 1.36. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50-day moving average of $17.30 and a 200 day moving average of $15.58. Himalaya Shipping Ltd. has a 12-month low of $7.37 and a 12-month high of $19.55.
Himalaya Shipping (NYSE:HSHP – Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $0.52 earnings per share (EPS) for the quarter. Himalaya Shipping had a net margin of 31.44% and a return on equity of 32.83%. The business had revenue of $55.30 million for the quarter.
Himalaya Shipping Increases Dividend
The company also recently announced a dividend, which will be paid on Tuesday, October 27th. Stockholders of record on Monday, October 19th will be issued a dividend of $0.28 per share. This is an increase from Himalaya Shipping’s previous dividend of $0.25. The ex-dividend date is Friday, October 16th.
Himalaya Shipping Profile
Himalaya Shipping Ltd. is a Bermuda-based dry bulk shipping company focused on owning and operating large-capacity Newcastlemax vessels. The company transports major dry bulk commodities, including iron ore and coal, for customers in the global commodities and steel industries.
Himalaya Shipping was established in 2021 and has developed a fleet of Newcastlemax vessels designed to serve long-haul dry bulk routes. Its ships are equipped with dual-fuel engines capable of using liquefied natural gas, supporting improved fuel efficiency and lower emissions compared with conventional vessel designs.
The company’s vessels operate internationally, serving key trade routes connecting major mining, energy and steel-producing regions.
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