Acadian Asset Management LLC Has $70.18 Million Stock Holdings in Hafnia Limited $HAFN

Acadian Asset Management LLC trimmed its position in shares of Hafnia Limited (NYSE:HAFN) by 13.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,033,041 shares of the company’s stock after selling 2,208,252 shares during the period. Acadian Asset Management LLC owned about 2.77% of Hafnia worth $70,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Avantax Advisory Services Inc. bought a new stake in Hafnia in the first quarter worth approximately $47,000. Warren Street Wealth Advisors LLC bought a new position in shares of Hafnia during the 2nd quarter valued at $64,000. Westhampton Capital LLC bought a new stake in Hafnia in the second quarter worth $70,000. Earned Wealth Advisors LLC bought a new stake in Hafnia in the second quarter worth $73,000. Finally, Drive Wealth Management LLC acquired a new position in Hafnia during the second quarter worth $96,000.

Hafnia Stock Down 0.1%

NYSE HAFN opened at $6.18 on Monday. Hafnia Limited has a twelve month low of $3.61 and a twelve month high of $6.43. The stock has a market cap of $3.13 billion, a PE ratio of 7.26 and a beta of 0.92. The firm has a 50-day simple moving average of $6.12 and a 200 day simple moving average of $5.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.21.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $346.56 million during the quarter, compared to analysts’ expectations 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Thursday, September 4th were issued a $0.121 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Thursday, September 4th. Hafnia’s payout ratio is currently 56.47%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HAFN. Fearnley Fonds lowered Hafnia from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.50.

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.