Swiss National Bank Raises Stock Position in Hafnia Limited $HAFN

Swiss National Bank increased its stake in shares of Hafnia Limited (NYSE:HAFN) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 596,388 shares of the company’s stock after acquiring an additional 40,536 shares during the quarter. Swiss National Bank owned approximately 0.12% of Hafnia worth $2,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of HAFN. Cambridge Investment Research Advisors Inc. grew its position in Hafnia by 86.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,642 shares of the company’s stock valued at $90,000 after purchasing an additional 10,033 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Hafnia during the fourth quarter valued at approximately $1,472,000. Wells Fargo & Company MN increased its position in shares of 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 acquiring an additional 18,537 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Hafnia in the 1st quarter worth approximately $117,000. Finally, TD Asset Management Inc lifted its position in Hafnia by 38.5% in the 1st quarter. TD Asset Management Inc now owns 28,406 shares of the company’s stock valued at $116,000 after acquiring an additional 7,892 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Fearnley Fonds raised shares of Hafnia to a “strong-buy” rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and a consensus price target of $6.50.

Hafnia Stock Up 1.6%

Shares of NYSE:HAFN opened at $5.9750 on Friday. The business’s 50 day moving average is $5.42 and its 200 day moving average is $4.95. The stock has a market cap of $3.03 billion, a P/E ratio of 4.94 and a beta of 0.91. Hafnia Limited has a 52-week low of $3.61 and a 52-week high of $8.26. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.30.

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.