Geode Capital Management LLC Lowers Holdings in Himalaya Shipping Ltd. (NYSE:HSHP)

Geode Capital Management LLC decreased its holdings in Himalaya Shipping Ltd. (NYSE:HSHP) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 343,620 shares of the company’s stock after selling 2,734 shares during the quarter. Geode Capital Management LLC’s holdings in Himalaya Shipping were worth $2,976,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC raised its position 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 buying an additional 59,765 shares during the last quarter. Barclays PLC raised its position in Himalaya Shipping by 143.3% in the 3rd quarter. Barclays PLC now owns 114,004 shares of the company’s stock worth $987,000 after buying an additional 67,149 shares during the last quarter. State Street Corp raised its position in Himalaya Shipping by 1.7% in the 3rd quarter. State Street Corp now owns 366,210 shares of the company’s stock worth $3,171,000 after buying an additional 6,090 shares during the last quarter. Bank of New York Mellon Corp raised its position in Himalaya Shipping by 17.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company’s stock worth $770,000 after buying an additional 12,400 shares during the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in Himalaya Shipping in the 3rd quarter worth about $87,000. Hedge funds and other institutional investors own 22.33% of the company’s stock.

Himalaya Shipping Price Performance

Shares of NYSE:HSHP opened at $4.87 on Wednesday. Himalaya Shipping Ltd. has a fifty-two week low of $4.54 and a fifty-two week high of $9.76. The business has a 50-day simple moving average of $5.91 and a two-hundred day simple moving average of $7.21. 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 firm has a market cap of $194.18 million, a price-to-earnings ratio of 2.51 and a beta of 2.57.

Himalaya Shipping Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.46%. Himalaya Shipping’s dividend payout ratio is currently 10.31%.

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.