119,989 Shares in Hafnia Limited (NYSE:HAFN) Acquired by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 119,989 shares of the company's stock, valued at approximately $668,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HAFN. Bernard Wealth Management Corp. bought a new stake in Hafnia in the fourth quarter worth $58,000. Public Employees Retirement System of Ohio purchased a new position in Hafnia during the fourth quarter worth $4,376,000. Vise Technologies Inc. purchased a new position in Hafnia during the fourth quarter worth $71,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Hafnia by 36.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 236,711 shares of the company's stock worth $1,318,000 after buying an additional 62,701 shares during the period. Finally, USS Investment Management Ltd purchased a new position in Hafnia during the fourth quarter worth $399,000.

Hafnia Trading Up 2.3%

NYSE HAFN traded up $0.12 on Wednesday, hitting $5.23. 1,008,841 shares of the stock were exchanged, compared to its average volume of 1,893,866. The firm has a market capitalization of $2.65 billion, a P/E ratio of 3.07 and a beta of 0.95. Hafnia Limited has a 52-week low of $3.61 and a 52-week high of $8.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70. The stock has a fifty day moving average price of $4.77 and a two-hundred day moving average price of $4.97.

Hafnia (NYSE:HAFN - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $340.34 million for the quarter, compared to analysts' expectations of $250.80 million. Hafnia had a net margin of 53.44% and a return on equity of 36.90%.

Hafnia Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, May 26th were issued a dividend of $0.1015 per share. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 7.59%. Hafnia's dividend payout ratio (DPR) is currently 33.06%.

Wall Street Analysts Forecast Growth

Separately, Fearnley Fonds raised shares of Hafnia to a "strong-buy" rating in a research note on Tuesday, May 6th.

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.