352,858 Shares in Hafnia Limited $HAFN Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio purchased 352,858 Hafnia shares worth approximately $2.3 million, representing about 0.07% of the company; several other institutional investors also recently initiated or increased positions.
• Hafnia exceeded quarterly expectations, reporting $0.56 EPS versus the $0.54 consensus and $834.5 million in revenue versus the $394.6 million estimate. Analysts’ overall rating is “Moderate Buy,” though one firm downgraded the stock to “Hold.”
• The company raised its quarterly dividend to $0.5003, equivalent to roughly $2.00 annually and a 21.7% yield. Shares opened at $9.21, near their 52-week high of $9.53.

Public Employees Retirement System of Ohio purchased a new stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 352,858 shares of the company's stock, valued at approximately $2,307,000. Public Employees Retirement System of Ohio owned approximately 0.07% of Hafnia at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of Hafnia during the 4th quarter worth approximately $36,000. Royal Bank of Canada lifted its stake in shares of Hafnia by 504.8% in the 4th quarter. Royal Bank of Canada now owns 7,185 shares of the company's stock valued at $38,000 after purchasing an additional 5,997 shares during the period. Smartleaf Asset Management LLC purchased a new stake in Hafnia during the fourth quarter worth $47,000. Blue Trust Inc. acquired a new stake in Hafnia during the first quarter valued at $48,000. Finally, State of Wyoming acquired a new stake in Hafnia during the second quarter valued at $57,000.

Analyst Ratings Changes

HAFN has been the subject of a number of analyst reports. Pareto Securities downgraded shares of Hafnia to a "hold" rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded Hafnia from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 30th. Finally, Weiss Ratings raised Hafnia from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat, Hafnia has an average rating of "Moderate Buy".

Hafnia Price Performance

Shares of NYSE HAFN opened at $9.21 on Friday. The firm has a market cap of $4.72 billion, a PE ratio of 6.98 and a beta of 0.65. The firm has a fifty day moving average of $7.64 and a 200 day moving average of $7.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.48 and a current ratio of 1.66. Hafnia Limited has a one year low of $5.17 and a one year high of $9.53.

Hafnia (NYSE:HAFN - Get Free Report) last posted its quarterly earnings data on Saturday, August 29th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Hafnia had a net margin of 56.72% and a return on equity of 26.74%. The business had revenue of $834.53 million for the quarter, compared to the consensus estimate of $394.57 million.

Hafnia Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be paid a $0.5003 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 21.7%. This is a boost from Hafnia's previous quarterly dividend of $0.29. Hafnia's dividend payout ratio is 87.12%.

Hafnia Profile

Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.

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