Hafnia Limited (NYSE:HAFN) Stake Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its stake in Hafnia Limited (NYSE:HAFN) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,126 shares of the company’s stock after acquiring an additional 3,387 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hafnia were worth $178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HAFN. SJS Investment Consulting Inc. bought a new position in shares of Hafnia in the fourth quarter valued at approximately $89,000. Clear Harbor Asset Management LLC acquired a new stake in Hafnia during the fourth quarter valued at approximately $92,000. Wells Fargo & Company MN lifted its stake in Hafnia by 7,756.1% during the fourth quarter. Wells Fargo & Company MN now owns 18,776 shares of the company’s stock valued at $105,000 after purchasing an additional 18,537 shares during the last quarter. Callan Capital LLC acquired a new stake in Hafnia during the fourth quarter valued at approximately $112,000. Finally, Virtu Financial LLC acquired a new stake in Hafnia during the fourth quarter valued at approximately $117,000.

Analyst Ratings Changes

Separately, Fearnley Fonds raised shares of Hafnia to a “strong-buy” rating in a research note on Tuesday, May 6th.

Hafnia Stock Up 4.6%

HAFN stock opened at $5.38 on Monday. Hafnia Limited has a 12 month low of $3.61 and a 12 month high of $8.99. The firm has a market cap of $2.72 billion and a PE ratio of 3.16. The firm has a 50 day simple moving average of $4.44 and a 200 day simple moving average of $5.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52.

Hafnia (NYSE:HAFN) last released its earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 net margin of 53.44% and a return on equity of 36.90%.

Hafnia Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders 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 dividend on an annualized basis and a yield of 2.19%. Hafnia’s payout ratio is 7.28%.

About Hafnia

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.