PDT Partners LLC Grows Stock Position in Hafnia Limited $HAFN

Key Points

• PDT Partners LLC increased its stake in Hafnia Limited by 452.6% in the 1st quarter, now owning 466,177 shares worth approximately $1.94 million.
• Hafnia recently declared a quarterly dividend of $0.121 per share, translating to an annualized dividend yield of 7.9%.
• The stock has a price-to-earnings ratio of 7.21 and has shown positive earnings, reporting $0.15 EPS which exceeded the consensus estimate.

PDT Partners LLC grew its holdings in Hafnia Limited (NYSE:HAFN - Free Report) by 452.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,177 shares of the company's stock after buying an additional 381,822 shares during the quarter. PDT Partners LLC owned about 0.09% of Hafnia worth $1,939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Hafnia by 1.4% in the first quarter. Vanguard Group Inc. now owns 11,267,262 shares of the company's stock valued at $46,466,000 after purchasing an additional 153,284 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Hafnia by 6.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,773,846 shares of the company's stock worth $9,488,000 after buying an additional 106,567 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Hafnia by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,313,151 shares of the company's stock worth $7,024,000 after buying an additional 49,169 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Hafnia in the fourth quarter valued at about $4,376,000. Finally, Canada Pension Plan Investment Board boosted its holdings in Hafnia by 504.6% in the first quarter. Canada Pension Plan Investment Board now owns 617,051 shares of the company's stock valued at $2,537,000 after purchasing an additional 514,988 shares during the last quarter.

Analysts Set New Price Targets

Separately, Fearnley Fonds cut Hafnia from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.50.

Hafnia Trading Up 3.7%

NYSE:HAFN traded up $0.23 during trading hours on Monday, hitting $6.27. 728,319 shares of the stock were exchanged, compared to its average volume of 2,030,120. The company has a market capitalization of $3.18 billion, a P/E ratio of 7.36 and a beta of 0.92. Hafnia Limited has a twelve month low of $3.61 and a twelve month high of $7.84. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 0.27. The company's 50 day moving average is $5.56 and its two-hundred day moving average is $5.00.

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

Hafnia Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.121 per share. The ex-dividend date is Thursday, September 4th. This represents a $0.48 annualized dividend and a yield of 7.7%. Hafnia's dividend payout ratio is presently 56.47%.

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.