Key Points
- Director Bjorn Andreas Freng Isaksen sold 300,000 shares on April 9 at $13.40 each for $4.02 million, reducing his holdings by 51.72% to 280,000 shares.
- Himalaya Shipping has a market cap of $629.9 million, a PE of 35.53 and a 52-week range of $4.47–$14.95, and it reported quarterly EPS of $0.29 versus the $0.30 consensus.
- The company announced a $0.06 per share dividend payable April 27 (ex-dividend April 17), while analysts maintain a consensus "Hold" rating despite some recent upgrades.
Himalaya Shipping Ltd. (NYSE:HSHP - Get Free Report) Director Bjorn Andreas Freng Isaksen sold 300,000 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $13.40, for a total value of $4,020,000.00. Following the sale, the director directly owned 280,000 shares of the company's stock, valued at approximately $3,752,000. This trade represents a 51.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Himalaya Shipping Stock Performance
NYSE:HSHP opened at $13.50 on Friday. The firm has a market cap of $629.87 million, a PE ratio of 35.53 and a beta of 1.65. Himalaya Shipping Ltd. has a fifty-two week low of $4.47 and a fifty-two week high of $14.95. The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50 day moving average price of $12.97 and a 200-day moving average price of $10.17.
Himalaya Shipping (NYSE:HSHP - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The company had revenue of $42.10 million for the quarter, compared to analysts' expectations of $41.80 million. Himalaya Shipping had a net margin of 13.44% and a return on equity of 11.02%.
Himalaya Shipping Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, April 20th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, April 17th.
Institutional Trading of Himalaya Shipping
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HSHP. Skandinaviska Enskilda Banken AB publ purchased a new stake in Himalaya Shipping in the third quarter worth $33,000. BNP Paribas Financial Markets lifted its stake in Himalaya Shipping by 80.3% in the third quarter. BNP Paribas Financial Markets now owns 5,656 shares of the company's stock worth $47,000 after acquiring an additional 2,519 shares during the period. Tower Research Capital LLC TRC lifted its stake in Himalaya Shipping by 326.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,024 shares of the company's stock worth $52,000 after acquiring an additional 6,909 shares during the period. Sherbrooke Park Advisers LLC purchased a new stake in Himalaya Shipping in the third quarter worth $86,000. Finally, Ballentine Partners LLC purchased a new stake in Himalaya Shipping in the fourth quarter worth $101,000. Hedge funds and other institutional investors own 22.33% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on HSHP shares. Weiss Ratings reissued a "hold (c)" rating on shares of Himalaya Shipping in a research note on Thursday, January 22nd. Wall Street Zen raised Himalaya Shipping from a "hold" rating to a "buy" rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Himalaya Shipping presently has a consensus rating of "Hold".
Read Our Latest Report on Himalaya Shipping
About Himalaya Shipping
(
Get Free Report)
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.
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