Nuveen Asset Management LLC Boosts Holdings in Hafnia Limited (NYSE:HAFN)

Nuveen Asset Management LLC increased its stake in Hafnia Limited (NYSE:HAFN - Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,773,846 shares of the company's stock after acquiring an additional 106,567 shares during the period. Nuveen Asset Management LLC owned approximately 0.35% of Hafnia worth $9,488,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HAFN. Arrowstreet Capital Limited Partnership boosted its position in shares of Hafnia by 125.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company's stock worth $64,223,000 after acquiring an additional 6,530,482 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Hafnia by 1,775.4% in the fourth quarter. Marshall Wace LLP now owns 2,124,012 shares of the company's stock worth $11,831,000 after acquiring an additional 2,010,753 shares during the last quarter. Barclays PLC raised its holdings in Hafnia by 60.7% in the fourth 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 during the period. GeoSphere Capital Management LLC acquired a new position in Hafnia during the fourth quarter valued at approximately $1,838,000. Finally, Bank of New York Mellon Corp lifted its position in Hafnia by 100.4% during the fourth quarter. Bank of New York Mellon Corp now owns 573,825 shares of the company's stock valued at $3,196,000 after buying an additional 287,460 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Hafnia Trading Up 1.3%

HAFN stock traded up $0.07 during midday trading on Monday, reaching $5.13. 1,475,966 shares of the company's stock traded hands, compared to its average volume of 1,872,536. The company has a market capitalization of $2.60 billion and a P/E ratio of 3.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. Hafnia Limited has a fifty-two week low of $3.61 and a fifty-two week high of $8.89. The business has a 50-day moving average price of $4.60 and a two-hundred day moving average price of $4.98.

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, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $340.34 million for the quarter, compared to analysts' expectations of $250.80 million. Hafnia had a net margin of 53.44% and a return on equity of 36.90%.

Hafnia Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Monday, May 26th will be given a dividend of $0.1015 per share. The ex-dividend date is Friday, May 23rd. This represents a yield of 7.59%. Hafnia's dividend payout ratio (DPR) is 33.06%.

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.