MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in Hafnia Limited (NYSE:HAFN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hafnia Limited (NYSE:HAFN - Free Report) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,313,151 shares of the company's stock after acquiring an additional 49,169 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.26% of Hafnia worth $7,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GeoSphere Capital Management LLC purchased a new position in shares of Hafnia in the fourth quarter valued at $1,838,000. Graham Capital Management L.P. grew its holdings in shares of Hafnia by 1,152.5% in the fourth quarter. Graham Capital Management L.P. now owns 189,798 shares of the company's stock valued at $1,057,000 after purchasing an additional 174,644 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of Hafnia in the fourth quarter valued at $154,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Hafnia by 6.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 594,237 shares of the company's stock valued at $3,310,000 after purchasing an additional 34,237 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Hafnia in the fourth quarter valued at $323,000.

Wall Street Analysts Forecast Growth

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

Hafnia Price Performance

Shares of HAFN stock traded down $0.08 on Friday, reaching $5.16. The company's stock had a trading volume of 1,127,773 shares, compared to its average volume of 1,843,298. The company has a market capitalization of $2.62 billion and a price-to-earnings ratio of 3.04. The stock's fifty day simple moving average is $4.54 and its 200-day simple moving average is $4.99. Hafnia Limited has a 1 year low of $3.61 and a 1 year high of $8.99. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $340.34 million during the quarter, compared to the consensus estimate of $250.80 million. Hafnia had a return on equity of 36.90% and a net margin of 53.44%.

Hafnia Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Monday, May 26th will be paid a dividend of $0.1015 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 7.59%. Hafnia's dividend payout ratio is currently 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.