Hafnia Limited $HAFN Stock Position Trimmed by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its position in Hafnia Limited (NYSE:HAFN) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,687,851 shares of the company’s stock after selling 109,329 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 2.11% of Hafnia worth $53,499,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HAFN. SBI Securities Co. Ltd. boosted its position in shares of Hafnia by 53.9% during the second quarter. SBI Securities Co. Ltd. now owns 5,129 shares of the company’s stock worth $26,000 after buying an additional 1,796 shares during the period. Avantax Advisory Services Inc. bought a new stake in Hafnia during the 1st quarter valued at $47,000. Sierra Capital LLC acquired a new position in Hafnia during the 2nd quarter worth $50,000. J.W. Cole Advisors Inc. acquired a new position in Hafnia during the 2nd quarter worth $55,000. Finally, Warren Street Wealth Advisors LLC bought a new position in shares of Hafnia in the second quarter worth $64,000.

Hafnia Trading Down 0.2%

Shares of NYSE:HAFN opened at $5.95 on Friday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 9.75 and a beta of 0.96. Hafnia Limited has a 1-year low of $3.61 and a 1-year high of $6.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.09 and a current ratio of 1.52. The company has a 50 day moving average price of $6.13 and a 200 day moving average price of $5.76.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Monday, December 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $247.00 million for the quarter, compared to analyst estimates of $256.84 million. Hafnia had a net margin of 29.50% and a return on equity of 13.50%.

Hafnia Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 9th will be given a dividend of $0.147 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 9.9%. This is a boost from Hafnia’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, December 9th. Hafnia’s payout ratio is presently 78.69%.

Analyst Ratings Changes

HAFN has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, October 8th. Fearnley Fonds upgraded shares of Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average 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.