BNP Paribas Financial Markets Buys Shares of 264,254 Hafnia Limited (NYSE:HAFN)

BNP Paribas Financial Markets bought a new stake in shares of Hafnia Limited (NYSE:HAFN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 264,254 shares of the company’s stock, valued at approximately $1,472,000. BNP Paribas Financial Markets owned about 0.05% of Hafnia at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. WealthCollab LLC acquired a new position in shares of Hafnia during the fourth quarter valued at approximately $28,000. The Manufacturers Life Insurance Company grew its position in shares of Hafnia by 11.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 33,126 shares of the company’s stock valued at $178,000 after purchasing an additional 3,387 shares in the last quarter. Optiver Holding B.V. purchased a new stake in shares of Hafnia in the fourth quarter valued at approximately $458,000. Hsbc Holdings PLC purchased a new stake in shares of Hafnia in the fourth quarter valued at approximately $711,000. Finally, SIH Partners LLLP purchased a new stake in shares of Hafnia in the fourth quarter valued at approximately $276,000.

Analyst Ratings Changes

Separately, Fearnley Fonds upgraded Hafnia to a “strong-buy” rating in a research report on Tuesday, May 6th.

Hafnia Price Performance

HAFN stock opened at $5.38 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. The business has a 50 day simple moving average of $4.44 and a 200-day simple moving average of $5.00. The firm has a market capitalization of $2.72 billion and a PE ratio of 3.16. Hafnia Limited has a 1 year low of $3.61 and a 1 year high of $8.99.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $340.34 million during the quarter, compared to analyst estimates of $250.80 million. Hafnia had a return on equity of 36.90% and a net margin of 53.44%.

Hafnia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were given a $0.0294 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.12 annualized dividend and a yield of 2.19%. Hafnia’s payout ratio is 7.28%.

Hafnia Company Profile

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.