Bank of America Corp DE Lowers Position in Hafnia Limited (NYSE:HAFN)

Bank of America Corp DE lowered its stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 81.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,275 shares of the company's stock after selling 407,084 shares during the quarter. Bank of America Corp DE's holdings in Hafnia were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WealthCollab LLC purchased a new stake in Hafnia during the 4th quarter worth approximately $28,000. Wells Fargo & Company MN lifted its stake in shares of Hafnia by 7,756.1% during the fourth quarter. Wells Fargo & Company MN now owns 18,776 shares of the company's stock worth $105,000 after buying an additional 18,537 shares during the period. Callan Capital LLC acquired a new stake in shares of Hafnia during the fourth quarter worth $112,000. Virtu Financial LLC purchased a new stake in shares of Hafnia during the fourth quarter valued at $117,000. Finally, HighTower Advisors LLC acquired a new position in shares of Hafnia in the 4th quarter valued at $124,000.

Wall Street Analysts Forecast Growth

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

Hafnia Stock Performance

NYSE HAFN traded up $0.12 during trading hours on Thursday, reaching $5.35. The stock had a trading volume of 725,848 shares, compared to its average volume of 1,889,338. Hafnia Limited has a 52-week low of $3.61 and a 52-week high of $8.44. The stock has a fifty day moving average of $4.77 and a 200 day moving average of $4.97. 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 market cap of $2.71 billion, a P/E ratio of 3.15 and a beta of 0.95.

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

Hafnia Announces Dividend

The business also recently declared 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. This represents a yield of 7.59%. The ex-dividend date was Friday, May 23rd. Hafnia's dividend payout ratio is currently 33.06%.

Hafnia 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.