Nuveen LLC Purchases New Stake in Hafnia Limited $HAFN

Nuveen LLC purchased a new stake in Hafnia Limited (NYSE:HAFN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 244,709 shares of the company’s stock, valued at approximately $1,003,000.

Several other institutional investors have also recently added to or reduced their stakes in HAFN. Wells Fargo & Company MN increased 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. Hsbc Holdings PLC bought a new stake in Hafnia during the fourth quarter valued at $711,000. The Manufacturers Life Insurance Company increased its stake in Hafnia by 11.4% during 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 during the last quarter. BNP Paribas Financial Markets bought a new stake in Hafnia during the fourth quarter valued at $1,472,000. Finally, Balyasny Asset Management L.P. bought a new stake in Hafnia during the fourth quarter valued at $323,000.

Hafnia Stock Down 0.1%

HAFN stock opened at $6.14 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 0.27. Hafnia Limited has a fifty-two week low of $3.61 and a fifty-two week high of $8.20. The firm’s 50-day simple moving average is $5.48 and its 200 day simple moving average is $4.98. The stock has a market cap of $3.11 billion, a PE ratio of 7.22 and a beta of 0.92.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Hafnia had a net margin of 37.26% and a return on equity of 18.74%. The business had revenue of $346.56 million for the quarter, compared to analysts’ expectations of $249.42 million.

Hafnia Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, September 4th will be issued a $0.121 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Thursday, September 4th. Hafnia’s dividend payout ratio (DPR) is 48.24%.

Analysts Set New Price Targets

Separately, Fearnley Fonds upgraded shares of Hafnia to a “strong-buy” rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus target price of $6.50.

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.