Himalaya Shipping Ltd. (NYSE:HSHP) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ cut its holdings in Himalaya Shipping Ltd. (NYSE:HSHP) by 27.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,289 shares of the company’s stock after selling 9,627 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.06% of Himalaya Shipping worth $232,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Hsbc Holdings PLC increased its holdings in Himalaya Shipping by 166.0% in the 2nd quarter. Hsbc Holdings PLC now owns 95,767 shares of the company’s stock worth $845,000 after acquiring an additional 59,765 shares in the last quarter. Rhumbline Advisers grew its position in shares of Himalaya Shipping by 17.2% in the second quarter. Rhumbline Advisers now owns 38,407 shares of the company’s stock valued at $352,000 after purchasing an additional 5,623 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Himalaya Shipping by 17.3% during the second quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company’s stock worth $770,000 after purchasing an additional 12,400 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Himalaya Shipping during the 1st quarter worth about $771,000. 22.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DNB Markets lowered Himalaya Shipping from a “hold” rating to a “sell” rating in a research note on Monday, August 19th.

Himalaya Shipping Stock Up 3.3 %

NYSE HSHP opened at $8.52 on Wednesday. The business has a fifty day moving average price of $7.74 and a 200 day moving average price of $8.17. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.78 and a quick ratio of 0.78. Himalaya Shipping Ltd. has a one year low of $4.30 and a one year high of $9.76.

Himalaya Shipping (NYSE:HSHP) last posted its quarterly earnings results on Friday, August 16th. The company reported $0.16 earnings per share for the quarter. The business had revenue of $31.20 million during the quarter.

Himalaya Shipping Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a $0.07 dividend. The ex-dividend date is Tuesday, September 17th. This is a positive change from Himalaya Shipping’s previous monthly dividend of $0.06. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.86%.

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.