Allianz Asset Management GmbH Sells 102,783 Shares of Hafnia Limited $HAFN

Allianz Asset Management GmbH lowered its stake in Hafnia Limited (NYSE:HAFN) by 34.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 191,929 shares of the company’s stock after selling 102,783 shares during the quarter. Allianz Asset Management GmbH’s holdings in Hafnia were worth $960,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Naviter Wealth LLC bought a new stake in Hafnia during the first quarter worth about $42,000. Avantax Advisory Services Inc. bought a new stake in Hafnia during the first quarter worth about $47,000. Warren Street Wealth Advisors LLC bought a new stake in Hafnia during the second quarter worth about $64,000. Westhampton Capital LLC bought a new stake in Hafnia during the second quarter worth about $70,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Hafnia by 86.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,642 shares of the company’s stock worth $90,000 after acquiring an additional 10,033 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on HAFN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Hafnia in a report on Saturday. Fearnley Fonds downgraded Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.50.

Hafnia Trading Down 2.7%

Shares of NYSE:HAFN opened at $6.20 on Monday. The company has a market capitalization of $3.14 billion, a P/E ratio of 7.29 and a beta of 0.90. Hafnia Limited has a 1 year low of $3.61 and a 1 year high of $6.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.21 and a quick ratio of 1.09. The business’s 50 day simple moving average is $6.04 and its 200 day simple moving average is $5.44.

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

Hafnia Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Thursday, September 4th were paid a dividend of $0.121 per share. The ex-dividend date was Thursday, September 4th. This represents a $0.48 annualized dividend and a yield of 7.8%. Hafnia’s dividend payout ratio is presently 56.47%.

Hafnia 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.