Barclays PLC Trims Stock Holdings in Himalaya Shipping Ltd. (NYSE:HSHP)

Barclays PLC cut its holdings in shares of Himalaya Shipping Ltd. (NYSE:HSHP) by 24.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,752 shares of the company’s stock after selling 28,252 shares during the quarter. Barclays PLC’s holdings in Himalaya Shipping were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in shares of Himalaya Shipping by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 346,530 shares of the company’s stock worth $1,684,000 after buying an additional 2,910 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Himalaya Shipping by 130.7% during the 4th quarter. JPMorgan Chase & Co. now owns 117,767 shares of the company’s stock worth $572,000 after acquiring an additional 66,713 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Himalaya Shipping by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 14,124 shares of the company’s stock worth $69,000 after purchasing an additional 4,680 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Himalaya Shipping in the 4th quarter worth about $68,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Himalaya Shipping in the 4th quarter valued at about $66,000. 22.33% of the stock is owned by institutional investors and hedge funds.

Himalaya Shipping Stock Up 0.4 %

NYSE:HSHP opened at $5.42 on Friday. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $216.10 million, a price-to-earnings ratio of 11.29 and a beta of 1.95. Himalaya Shipping Ltd. has a one year low of $4.29 and a one year high of $9.76. The stock has a 50-day simple moving average of $5.26 and a 200 day simple moving average of $5.46.

Himalaya Shipping (NYSE:HSHP) last issued its earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter. The company had revenue of $29.60 million during the quarter. Himalaya Shipping had a return on equity of 13.36% and a net margin of 17.03%.

Himalaya Shipping Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.025 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.54%. This is a boost from Himalaya Shipping’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Monday, May 19th. Himalaya Shipping’s dividend payout ratio is 27.08%.

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.