Himalaya Shipping Ltd. (HSHP) to Distribute Dividend of $0.28 on October 27th

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Sunday, October 4th. Investors of record on Monday, October 19th will be paid a dividend of $0.28 per share on Tuesday, October 27th. The ex-dividend date of this dividend is Friday, October 16th. This is a 12.0% increase from Himalaya Shipping’s previous dividend of $0.25.

Himalaya Shipping has a dividend payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings.

Himalaya Shipping Stock Performance

HSHP stock opened at $17.89 on Wednesday. The stock’s 50 day simple moving average is $17.26 and its 200 day simple moving average is $15.50. 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 has a 12-month low of $7.37 and a 12-month high of $19.55. The stock has a market capitalization of $834.57 million, a PE ratio of 15.83 and a beta of 1.36.

Himalaya Shipping (NYSE:HSHP) last issued its earnings results on Wednesday, July 1st. The company reported $0.52 EPS 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%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HSHP. GAMMA Investing LLC lifted its position in Himalaya Shipping by 213.8% during the third quarter. GAMMA Investing LLC now owns 1,751 shares of the company’s stock valued at $30,000 after purchasing an additional 1,193 shares during the period. Tidal Investments LLC bought a new stake in Himalaya Shipping in the 2nd quarter worth approximately $141,000. The Manufacturers Life Insurance Company bought a new stake in Himalaya Shipping in the 1st quarter worth approximately $171,000. Engineers Gate Manager LP grew its holdings in shares of Himalaya Shipping by 28.0% in the second quarter. Engineers Gate Manager LP now owns 15,352 shares of the company’s stock worth $205,000 after acquiring an additional 3,362 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in shares of Himalaya Shipping during the 2nd quarter valued at about $262,000. 22.33% of the stock is owned by hedge funds and other institutional investors.

About Himalaya Shipping

Himalaya Shipping Ltd. is a Bermuda-based dry bulk shipping company focused on owning and operating large-capacity Newcastlemax vessels. The company transports major dry bulk commodities, including iron ore and coal, for customers in the global commodities and steel industries.

Himalaya Shipping was established in 2021 and has developed a fleet of Newcastlemax vessels designed to serve long-haul dry bulk routes. Its ships are equipped with dual-fuel engines capable of using liquefied natural gas, supporting improved fuel efficiency and lower emissions compared with conventional vessel designs.

The company’s vessels operate internationally, serving key trade routes connecting major mining, energy and steel-producing regions.