237,098 Shares in Hafnia Limited (NYSE:HAFN) Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP has made a new investment of approximately $986,000 in Hafnia Limited by acquiring 237,098 shares during the first quarter.
• Hafnia has reported Quarterly earnings of $0.13 per share, exceeding the consensus estimate of $0.12, with notable net margins of 45.74% and revenue of $340.34 million.
• The company recently declared a dividend of $0.1015 per share, yielding an impressive 759.0%, with a current dividend payout ratio of 33.06%.

GSA Capital Partners LLP bought a new stake in Hafnia Limited (NYSE:HAFN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 237,098 shares of the company's stock, valued at approximately $986,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its position in Hafnia by 1,775.4% in the fourth quarter. Marshall Wace LLP now owns 2,124,012 shares of the company's stock valued at $11,831,000 after buying an additional 2,010,753 shares during the last quarter. Barclays PLC grew its holdings in Hafnia by 60.7% in the 4th quarter. Barclays PLC now owns 4,395,133 shares of the company's stock valued at $24,481,000 after buying an additional 1,660,627 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Hafnia during the 4th quarter worth $4,376,000. GeoSphere Capital Management LLC purchased a new position in shares of Hafnia during the 4th quarter worth $1,838,000. Finally, Squarepoint Ops LLC acquired a new stake in Hafnia in the 4th quarter valued at about $1,700,000.

Hafnia Trading Up 5.4%

HAFN stock traded up $0.31 during trading on Tuesday, reaching $5.95. 2,126,019 shares of the stock traded hands, compared to its average volume of 2,142,771. The business's 50 day moving average price is $5.30 and its 200-day moving average price is $4.91. Hafnia Limited has a 52-week low of $3.61 and a 52-week high of $8.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.24 and a quick ratio of 1.12. The firm has a market capitalization of $3.01 billion, a PE ratio of 4.91 and a beta of 0.91.

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

Hafnia Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, May 26th were issued a dividend of $0.1015 per share. This represents a dividend yield of 759.0%. The ex-dividend date was Friday, May 23rd. Hafnia's dividend payout ratio (DPR) is currently 33.88%.

Analyst Ratings Changes

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

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.