AM Investment Strategies LLC Acquires Shares of 10,000 Himalaya Shipping Ltd. (NYSE:HSHP)

AM Investment Strategies LLC acquired a new stake in shares of Himalaya Shipping Ltd. (NYSE:HSHP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the company’s stock, valued at approximately $49,000.

A number of other hedge funds have also recently made changes to their positions in HSHP. Salvus Wealth Management LLC grew its holdings in shares of Himalaya Shipping by 27.6% in the fourth quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company’s stock worth $63,000 after purchasing an additional 2,825 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Himalaya Shipping in the fourth quarter worth about $66,000. Valeo Financial Advisors LLC purchased a new stake in Himalaya Shipping in the third quarter worth about $87,000. Quadrature Capital Ltd purchased a new stake in Himalaya Shipping in the third quarter worth about $116,000. Finally, Creative Planning purchased a new stake in Himalaya Shipping in the third quarter worth about $155,000. 22.33% of the stock is currently owned by institutional investors.

Himalaya Shipping Price Performance

NYSE:HSHP opened at $4.76 on Friday. The company has a 50-day moving average of $5.38 and a 200 day moving average of $6.88. Himalaya Shipping Ltd. has a 1-year low of $4.54 and a 1-year high of $9.76. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.34.

Himalaya Shipping Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Tuesday, January 21st will be given a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, January 20th.

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.