Citadel Advisors LLC Increases Stock Position in Himalaya Shipping Ltd. (NYSE:HSHP)

Citadel Advisors LLC increased its position in Himalaya Shipping Ltd. (NYSE:HSHP) by 57.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 130,118 shares of the company’s stock after acquiring an additional 47,231 shares during the period. Citadel Advisors LLC owned about 0.33% of Himalaya Shipping worth $632,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in Himalaya Shipping by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 346,530 shares of the company’s stock worth $1,684,000 after purchasing an additional 2,910 shares during the period. Northern Trust Corp grew its position in Himalaya Shipping by 6.2% in the 4th quarter. Northern Trust Corp now owns 191,422 shares of the company’s stock worth $930,000 after purchasing an additional 11,222 shares during the period. Hsbc Holdings PLC grew its position in Himalaya Shipping by 1.4% in the 4th quarter. Hsbc Holdings PLC now owns 186,367 shares of the company’s stock worth $901,000 after purchasing an additional 2,483 shares during the period. JPMorgan Chase & Co. grew its position in Himalaya Shipping by 130.7% in the 4th quarter. JPMorgan Chase & Co. now owns 117,767 shares of the company’s stock worth $572,000 after purchasing an additional 66,713 shares during the period. Finally, Marshall Wace LLP grew its position in Himalaya Shipping by 317.6% in the 4th quarter. Marshall Wace LLP now owns 76,951 shares of the company’s stock worth $374,000 after purchasing an additional 58,526 shares during the period. 22.33% of the stock is currently owned by hedge funds and other institutional investors.

Himalaya Shipping Trading Up 2.9%

Shares of HSHP stock opened at $6.04 on Friday. Himalaya Shipping Ltd. has a 1 year low of $4.29 and a 1 year high of $9.76. The firm has a fifty day moving average price of $5.26 and a 200-day moving average price of $5.33. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $240.81 million, a price-to-earnings ratio of 12.58 and a beta of 1.95.

Himalaya Shipping (NYSE:HSHP) last issued its quarterly earnings data on Thursday, May 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. Himalaya Shipping had a net margin of 17.03% and a return on equity of 13.36%. The firm had revenue of $21.90 million during the quarter, compared to the consensus estimate of $31.18 million.

Himalaya Shipping Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.025 per share. This is an increase from Himalaya Shipping’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.97%. Himalaya Shipping’s payout ratio is presently 32.14%.

Himalaya Shipping 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.