Himalaya Shipping (NYSE:HSHP) Upgraded at Clarkson Capital

Clarkson Capital upgraded shares of Himalaya Shipping (NYSE:HSHP) from a neutral rating to a buy rating in a report published on Thursday morning, Marketbeat Ratings reports.

HSHP has been the topic of a number of other research reports. Weiss Ratings upgraded shares of Himalaya Shipping from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Himalaya Shipping from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 24th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Himalaya Shipping Stock Performance

Shares of Himalaya Shipping stock opened at $16.56 on Thursday. The stock has a market cap of $772.52 million, a price-to-earnings ratio of 14.65 and a beta of 1.37. The firm’s 50-day moving average is $15.03 and its 200 day moving average is $14.19. Himalaya Shipping has a 1 year low of $7.37 and a 1 year high of $17.06. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.19 and a quick ratio of 1.19.

Himalaya Shipping (NYSE:HSHP) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.52 EPS for the quarter. The company had revenue of $55.30 million for the quarter. Himalaya Shipping had a net margin of 31.44% and a return on equity of 32.83%.

Himalaya Shipping Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, August 27th. Investors of record on Friday, August 21st will be issued a $0.22 dividend. The ex-dividend date is Thursday, August 20th.

Hedge Funds Weigh In On Himalaya Shipping

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in Himalaya Shipping during the 2nd quarter valued at about $384,000. Globeflex Capital L P bought a new stake in shares of Himalaya Shipping in the second quarter worth approximately $4,257,000. Bank of America Corp DE raised its holdings in shares of Himalaya Shipping by 230.4% during the first quarter. Bank of America Corp DE now owns 399,028 shares of the company’s stock valued at $5,307,000 after purchasing an additional 278,273 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Himalaya Shipping during the first quarter valued at approximately $171,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Himalaya Shipping by 292.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,007,952 shares of the company’s stock valued at $13,344,000 after purchasing an additional 750,944 shares during the last quarter. Hedge funds and other institutional investors own 22.33% of the company’s stock.

Himalaya Shipping Company 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.