Vident Advisory LLC Boosts Stake in Hafnia Limited $HAFN

Key Points

• Vident Advisory LLC increased its holdings in Hafnia Limited by 56.7% during the first quarter, owning approximately 317,000 shares worth about $1.3 million.
• Hafnia announced a quarterly dividend of $0.121 per share, translating to an annual yield of 7.9%.
• Wall Street analysts have rated Hafnia as a "Strong Buy", with an average target price of $6.50.

Vident Advisory LLC increased its stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 56.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 316,980 shares of the company's stock after purchasing an additional 114,684 shares during the period. Vident Advisory LLC owned approximately 0.06% of Hafnia worth $1,300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Hafnia by 8.5% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 33,249 shares of the company's stock worth $138,000 after buying an additional 2,591 shares during the period. The Manufacturers Life Insurance Company boosted 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 valued at $178,000 after purchasing an additional 3,387 shares during the period. Callan Capital LLC increased its stake in Hafnia by 27.5% during the 1st quarter. Callan Capital LLC now owns 25,622 shares of the company's stock worth $107,000 after buying an additional 5,530 shares during the period. U S Global Investors Inc. lifted its holdings in Hafnia by 12.6% during the 1st quarter. U S Global Investors Inc. now owns 63,643 shares of the company's stock worth $262,000 after buying an additional 7,135 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in shares of Hafnia by 20.3% in the first quarter. Sigma Planning Corp now owns 44,450 shares of the company's stock worth $185,000 after acquiring an additional 7,500 shares in the last quarter.

Hafnia Stock Down 0.1%

Hafnia stock traded down $0.01 during midday trading on Friday, reaching $6.06. The company's stock had a trading volume of 850,185 shares, compared to its average volume of 1,216,281. The company has a market cap of $3.07 billion, a P/E ratio of 7.12 and a beta of 0.93. 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 business has a 50-day simple moving average of $5.56 and a 200-day simple moving average of $5.01. Hafnia Limited has a fifty-two week low of $3.61 and a fifty-two week high of $7.84.

Hafnia (NYSE:HAFN - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The business 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Thursday, September 4th will be issued a $0.121 dividend. The ex-dividend date is Thursday, September 4th. This represents a $0.48 annualized dividend and a dividend yield of 8.0%. Hafnia's dividend payout ratio is presently 56.47%.

Wall Street Analysts Forecast Growth

Separately, Fearnley Fonds cut Hafnia from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $6.50.

About Hafnia

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.