MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 49,169 Shares of Hafnia Limited (NYSE:HAFN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,313,151 shares of the company's stock after purchasing an additional 49,169 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.26% of Hafnia worth $7,024,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HAFN. Barclays PLC increased its position in shares of Hafnia by 72.7% during the third quarter. Barclays PLC now owns 2,734,506 shares of the company's stock valued at $19,580,000 after buying an additional 1,151,528 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Hafnia in the 4th quarter worth approximately $3,123,000. Clear Harbor Asset Management LLC purchased a new position in shares of Hafnia in the 4th quarter valued at approximately $92,000. DGS Capital Management LLC boosted its position in shares of Hafnia by 1,084.9% during the fourth quarter. DGS Capital Management LLC now owns 200,797 shares of the company's stock valued at $1,118,000 after purchasing an additional 183,850 shares in the last quarter. Finally, SJS Investment Consulting Inc. purchased a new stake in Hafnia in the fourth quarter worth $89,000.

Hafnia Stock Up 0.9%

HAFN traded up $0.05 during midday trading on Tuesday, reaching $5.40. The company's stock had a trading volume of 962,952 shares, compared to its average volume of 1,836,573. Hafnia Limited has a 1 year low of $3.61 and a 1 year high of $8.99. The stock's 50-day moving average is $4.46 and its 200-day moving average is $4.99. The firm has a market capitalization of $2.74 billion and a price-to-earnings ratio of 3.18. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34.

Hafnia (NYSE:HAFN - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Hafnia had a return on equity of 36.90% and a net margin of 53.44%. The firm had revenue of $340.34 million for the quarter, compared to analysts' expectations of $250.80 million.

Hafnia Dividend Announcement

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

Analysts Set New Price Targets

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.