Himalaya Shipping Ltd. (NYSE:HSHP) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lessened its stake in Himalaya Shipping Ltd. (NYSE:HSHP) by 29.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,692 shares of the company’s stock after selling 5,423 shares during the quarter. MetLife Investment Management LLC’s holdings in Himalaya Shipping were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HSHP. Marshall Wace LLP lifted its holdings in Himalaya Shipping by 317.6% in the fourth quarter. Marshall Wace LLP now owns 76,951 shares of the company’s stock valued at $374,000 after acquiring an additional 58,526 shares during the period. CacheTech Inc. purchased a new position in shares of Himalaya Shipping during the 4th quarter valued at approximately $69,000. XTX Topco Ltd purchased a new position in shares of Himalaya Shipping during the 4th quarter valued at approximately $113,000. Wells Fargo & Company MN lifted its stake 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 valued at $69,000 after purchasing an additional 4,680 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Himalaya Shipping by 0.8% during 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 in the last quarter. Hedge funds and other institutional investors own 22.33% of the company’s stock.

Himalaya Shipping Stock Up 0.4 %

HSHP opened at $5.42 on Friday. The company has a fifty day moving average of $5.26 and a two-hundred day moving average of $5.46. The stock 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 fifty-two week low of $4.29 and a fifty-two week high of $9.76. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.87 and a current ratio of 0.87.

Himalaya Shipping (NYSE:HSHP) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter. The firm 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. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.025 per share. This is a positive change from Himalaya Shipping’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.54%. Himalaya Shipping’s dividend payout ratio (DPR) is 27.08%.

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.