28,968 Shares in Himalaya Shipping Ltd. $HSHP Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in Himalaya Shipping Ltd. (NYSE:HSHP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,968 shares of the company’s stock, valued at approximately $384,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Himalaya Shipping as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in shares of Himalaya Shipping by 425.7% during the first quarter. Sei Investments Co. now owns 122,313 shares of the company’s stock worth $1,627,000 after purchasing an additional 99,046 shares during the period. Globeflex Capital L P grew its position in Himalaya Shipping by 2,033.2% in the 1st quarter. Globeflex Capital L P now owns 318,651 shares of the company’s stock valued at $4,238,000 after purchasing an additional 303,713 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Himalaya Shipping by 292.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,007,952 shares of the company’s stock valued at $13,344,000 after purchasing an additional 750,944 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Himalaya Shipping during the 4th quarter valued at $486,000. Finally, Bank of America Corp DE increased its stake in Himalaya Shipping by 230.4% during the 1st quarter. Bank of America Corp DE now owns 399,028 shares of the company’s stock valued at $5,307,000 after purchasing an additional 278,273 shares in the last quarter. Institutional investors and hedge funds own 22.33% of the company’s stock.

Himalaya Shipping Trading Down 0.8%

NYSE HSHP opened at $17.90 on Friday. The firm has a market capitalization of $835.17 million, a P/E ratio of 15.84 and a beta of 1.37. The business has a fifty day simple moving average of $15.96 and a 200 day simple moving average of $14.77. Himalaya Shipping Ltd. has a 12 month low of $7.37 and a 12 month high of $18.86. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 4.00.

Himalaya Shipping (NYSE:HSHP) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.52 earnings per share for the quarter. The business had revenue of $55.30 million for the quarter. Himalaya Shipping had a return on equity of 32.83% and a net margin of 31.44%.

Himalaya Shipping Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 17th. This is an increase from Himalaya Shipping’s previous dividend of $0.22.

Analyst Ratings Changes

A number of research analysts have weighed in on HSHP shares. Weiss Ratings raised shares of Himalaya Shipping from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. Wall Street Zen lowered shares of Himalaya Shipping from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 24th. Finally, Clarkson Capital raised shares of Himalaya Shipping from a “neutral” rating to a “buy” rating in a research report on Thursday, August 20th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Himalaya Shipping presently has an average rating of “Buy”.

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.