10,000 Shares in Himalaya Shipping Ltd. (NYSE:HSHP) Acquired by AM Investment Strategies LLC

AM Investment Strategies LLC purchased a new position in Himalaya Shipping Ltd. (NYSE:HSHP) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HSHP. State Street Corp increased its holdings in Himalaya Shipping by 1.7% in the 3rd quarter. State Street Corp now owns 366,210 shares of the company’s stock worth $3,171,000 after acquiring an additional 6,090 shares in the last quarter. Barclays PLC grew its holdings in shares of Himalaya Shipping by 143.3% during the third quarter. Barclays PLC now owns 114,004 shares of the company’s stock worth $987,000 after buying an additional 67,149 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Himalaya Shipping by 15.4% during the third quarter. GSA Capital Partners LLP now owns 100,405 shares of the company’s stock worth $870,000 after buying an additional 13,405 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Himalaya Shipping by 166.0% during the second quarter. Hsbc Holdings PLC now owns 95,767 shares of the company’s stock worth $845,000 after buying an additional 59,765 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Himalaya Shipping by 17.2% during the 2nd quarter. Rhumbline Advisers now owns 38,407 shares of the company’s stock valued at $352,000 after acquiring an additional 5,623 shares during the last quarter. Institutional investors and hedge funds own 22.33% of the company’s stock.

Himalaya Shipping Trading Down 3.0 %

Shares of HSHP stock opened at $4.76 on Friday. The company’s 50-day moving average price is $5.38 and its 200-day moving average price is $6.88. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.87 and a quick ratio of 0.87. Himalaya Shipping Ltd. has a twelve month low of $4.54 and a twelve month high of $9.76.

Himalaya Shipping Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Tuesday, January 21st will be given a dividend of $0.005 per share. The ex-dividend date is Monday, January 20th. This represents a $0.06 annualized dividend and a dividend yield of 1.26%.

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.