BNP Paribas Financial Markets Makes New $1.47 Million Investment in Hafnia Limited (NYSE:HAFN)

BNP Paribas Financial Markets bought a new stake in Hafnia Limited (NYSE:HAFN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 264,254 shares of the company's stock, valued at approximately $1,472,000. BNP Paribas Financial Markets owned 0.05% of Hafnia as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HAFN. WealthCollab LLC purchased a new position in shares of Hafnia in the fourth quarter worth about $28,000. The Manufacturers Life Insurance Company lifted its stake in shares of Hafnia by 11.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 33,126 shares of the company's stock worth $178,000 after buying an additional 3,387 shares in the last quarter. Optiver Holding B.V. purchased a new position in shares of Hafnia in the fourth quarter worth about $458,000. Hsbc Holdings PLC purchased a new position in shares of Hafnia in the fourth quarter worth about $711,000. Finally, SIH Partners LLLP purchased a new position in shares of Hafnia in the fourth quarter worth about $276,000.

Wall Street Analyst Weigh In

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

Hafnia Trading Down 1.5%

HAFN stock traded down $0.08 during trading on Friday, reaching $5.16. 1,127,773 shares of the stock were exchanged, compared to its average volume of 1,849,105. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $4.54 and a 200-day moving average price of $4.99. Hafnia Limited has a 1 year low of $3.61 and a 1 year high of $8.99. The firm has a market capitalization of $2.62 billion and a price-to-earnings ratio of 3.04.

Hafnia (NYSE:HAFN - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $340.34 million for the quarter, compared to the consensus estimate 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 declared a dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Monday, May 26th will be paid a $0.1015 dividend. This represents a dividend yield of 7.59%. The ex-dividend date is Friday, May 23rd. Hafnia's dividend payout ratio (DPR) is 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.