Hafnia Limited $HAFN Stock Holdings Increased by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its holdings in Hafnia Limited by 504.6%, owning a total of 617,051 shares valued at $2,537,000 after acquiring an additional 514,988 shares in the first quarter.
• Hafnia has reported a quarterly earnings per share of $0.15, surpassing estimates, with revenue of $346.56 million compared to analyst expectations of $249.42 million.
• The company also announced a quarterly dividend of $0.121 per share, with an annualized dividend yield of 7.7%, payable to stockholders on September 10th.

Canada Pension Plan Investment Board increased its position in Hafnia Limited (NYSE:HAFN - Free Report) by 504.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 617,051 shares of the company's stock after acquiring an additional 514,988 shares during the period. Canada Pension Plan Investment Board owned approximately 0.12% of Hafnia worth $2,537,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HAFN. Public Employees Retirement System of Ohio acquired a new stake in shares of Hafnia in the 4th quarter worth about $4,376,000. GeoSphere Capital Management LLC bought a new position in Hafnia in the 4th quarter valued at about $1,838,000. Squarepoint Ops LLC bought a new position in Hafnia in the 4th quarter valued at about $1,700,000. BNP Paribas Financial Markets bought a new position in Hafnia in the 4th quarter valued at about $1,472,000. Finally, Nuveen LLC bought a new position in Hafnia in the 1st quarter valued at about $1,003,000.

Hafnia Trading Down 1.4%

Shares of HAFN traded down $0.09 during midday trading on Tuesday, hitting $6.22. The stock had a trading volume of 604,676 shares, compared to its average volume of 2,027,795. Hafnia Limited has a fifty-two week low of $3.61 and a fifty-two week high of $7.84. The business has a 50-day simple moving average of $5.58 and a two-hundred day simple moving average of $5.01. The firm has a market cap of $3.15 billion, a P/E ratio of 7.31 and a beta of 0.92. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27.

Hafnia (NYSE:HAFN - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $346.56 million during the quarter, compared to analysts' expectations of $249.42 million. Hafnia had a net margin of 37.26% and a return on equity of 18.74%.

Hafnia Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Thursday, September 4th will be given a $0.121 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, September 4th. Hafnia's dividend payout ratio is 56.47%.

Wall Street Analysts Forecast Growth

Separately, Fearnley Fonds lowered shares of Hafnia from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Hafnia currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.50.

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.