CWA Asset Management Group LLC Acquires Shares of 140,167 Hafnia Limited (NYSE:HAFN)

CWA Asset Management Group LLC acquired a new stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 140,167 shares of the company's stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in Hafnia by 11.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 33,126 shares of the company's stock valued at $178,000 after buying an additional 3,387 shares during the last quarter. Swiss National Bank grew its holdings in Hafnia by 0.6% in the 4th quarter. Swiss National Bank now owns 555,852 shares of the company's stock worth $2,975,000 after acquiring an additional 3,578 shares during the last quarter. WealthCollab LLC purchased a new position in shares of Hafnia in the fourth quarter valued at about $28,000. Sigma Planning Corp raised its stake in shares of Hafnia by 30.8% during the fourth quarter. Sigma Planning Corp now owns 36,950 shares of the company's stock valued at $206,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Hafnia by 53.6% during the fourth quarter. Quantinno Capital Management LP now owns 27,565 shares of the company's stock worth $154,000 after purchasing an additional 9,615 shares during the period.

Analyst Ratings Changes

Separately, Fearnley Fonds upgraded Hafnia to a "strong-buy" rating in a report on Tuesday, May 6th.

Hafnia Trading Down 3.8%

HAFN stock traded down $0.21 on Tuesday, reaching $5.25. The company's stock had a trading volume of 1,790,746 shares, compared to its average volume of 1,928,787. The firm has a market cap of $2.66 billion, a PE ratio of 4.33 and a beta of 0.95. The business has a fifty day simple moving average of $5.01 and a two-hundred day simple moving average of $4.96. Hafnia Limited has a 12-month low of $3.61 and a 12-month high of $8.44. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.12 and a current ratio of 1.24.

Hafnia (NYSE:HAFN - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $340.34 million during the quarter, compared to analysts' expectations of $250.80 million. Hafnia had a net margin of 45.74% and a return on equity of 26.29%.

Hafnia Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, May 26th were given a dividend of $0.1015 per share. The ex-dividend date was Friday, May 23rd. This represents a yield of 7.59%. Hafnia's payout ratio is 33.88%.

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.