TD Asset Management Inc Grows Position in Hafnia Limited (NYSE:HAFN)

TD Asset Management Inc lifted its position in shares of Hafnia Limited (NYSE:HAFN) by 38.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,406 shares of the company’s stock after purchasing an additional 7,892 shares during the quarter. TD Asset Management Inc’s holdings in Hafnia were worth $116,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC acquired a new position in Hafnia in the 4th quarter worth about $1,049,000. Vanguard Group Inc. raised its stake in shares of Hafnia by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 11,113,978 shares of the company’s stock worth $59,449,000 after buying an additional 190,352 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Hafnia by 104.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 81,108 shares of the company’s stock worth $434,000 after buying an additional 41,378 shares during the period. Wellington Management Group LLP purchased a new position in shares of Hafnia during the 4th quarter valued at approximately $668,000. Finally, Prudential PLC grew its stake in Hafnia by 105.8% in the 4th quarter. Prudential PLC now owns 88,970 shares of the company’s stock valued at $475,000 after acquiring an additional 45,737 shares during the period.

Analyst Upgrades and Downgrades

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

Hafnia Trading Up 5.3%

Shares of HAFN stock opened at $5.94 on Wednesday. Hafnia Limited has a 1-year low of $3.61 and a 1-year high of $8.26. The firm has a market cap of $3.01 billion, a PE ratio of 4.91 and a beta of 0.91. The company has a 50-day moving average of $5.32 and a two-hundred day moving average of $4.92. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.24 and a quick ratio of 1.12.

Hafnia (NYSE:HAFN) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Hafnia had a net margin of 45.74% and a return on equity of 26.29%. The firm had revenue of $340.34 million during the quarter, compared to analysts’ expectations of $250.80 million.

Hafnia Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, May 26th were paid a dividend of $0.1015 per share. The ex-dividend date was Friday, May 23rd. This represents a yield of 759.0%. Hafnia’s dividend payout ratio is 33.88%.

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.